Business
Aveanna Healthcare Holdings Announces Fourth Quarter and Full Year 2024 Financial Results and 2025 Outlook
Fourth Quarter Revenue was $519.9 million, an 8.6% increase over the prior year period Gross margin increased 15.7% to $171.7 million compared to Q4 2023
About this update from Aveanna Healthcare Holdings Inc.
[{"type":"text","content":"Fourth Quarter Revenue was $519.9 million, an 8.6% increase over the prior year period Gross margin increased 15.7% to $171.7 million compared to Q4 2023 Fourth Quarter Net income was $29.2 million compared to net loss of $25.7 million for the comparable prior year period Adjusted Net income was $11.1 million, an increase of $14.3 million compared to Q4 2023 Adjusted EBITDA for Q4 2024 was $55.2 million, a 42.8% increase as compared to Q4 2023Full Year 2025 Revenue guidance between $2.10 - $2.12 billion Full Year 2025 Adjusted EBITDA guidance between $190 - $194 million ATLANTA, March 13, 2025 (GLOBE NEWSWIRE) -- Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH), a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations, today announced financial results for the three-month period and fiscal year December 28, 2024. Jeff Shaner, Chief Executive Officer, commented, “Our fourth quarter results reflect an exceptional year of transformation at Aveanna. This quarter showed positive operating and financial results, highlighted by revenue and adjusted EBITDA growth of 8.6% and 42.8%, respectively, when compared to the prior year period. Additionally, our performance for the fiscal year exceeded expectations, with over $2 billion in revenue, and adjusted EBITDA exceeding $183 million. These results are underpinned by the unwavering commitment of our Aveanna clinicians, associates, and leaders, and I am immensely proud of our dedicated team at Aveanna. Looking forward to 2025, we look to build on these results by continuing to enhance our government and payor partnerships while leveraging our unique care platform. We look forward to delivering even more cost-effective, high-quality care in the home in 2025.” Three-Month Periods Ended December 28, 2024 and December 30, 2023 Revenue was $519.9 million for the three-month period ended December 28, 2024, as compared to $478.8 million for the three-month period ended December 30, 2023, an increase of $41.0 million, or 8.6%. The overall increase in revenue was attributable to a $38.7 million increase in Private Duty Services (“PDS”) segment revenue, a $2.0 million increase in Medical Solutions (\"MS\") segment revenue, and a $0.3 million increase in Home Health & Hospice (“HHH”) segment revenue over the comparable quarter. Gross margin...