Enhabit Reported Preliminary Q2 Adj EBITDA Of $24.5M-$25.0M, Reduced Bank Debt by $15M
Portfolio Pulse from Benzinga Newsdesk
Enhabit, Inc. (NYSE:EHAB) reported preliminary Q2 adjusted EBITDA of $24.5M-$25.0M and reduced bank debt by $15M. The company also saw an increase in non-Medicare visits shifting to payor innovation contracts. Final results will be reported on Aug. 6, 2024.
July 15, 2024 | 11:50 am
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Enhabit, Inc. reported preliminary Q2 adjusted EBITDA of $24.5M-$25.0M and reduced bank debt by $15M. The company also increased non-Medicare visits to payor innovation contracts. Final results will be reported on Aug. 6, 2024.
The preliminary results indicate strong financial performance with an increase in adjusted EBITDA and a reduction in bank debt. The shift to payor innovation contracts at improved rates is also a positive sign. These factors are likely to have a positive short-term impact on EHAB's stock price.
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