Business
Concentra Group Holdings Parent, Inc. Announces Results For Its First Quarter Ended March 31, 2025, Cash Dividend, and Revised FY 2025 Guidance
ADDISON, Texas, May 07, 2025--Concentra Group Holdings Parent, Inc. ("Concentra," the "Company," "we," "us," or "our") (NYSE: CON), the nation’s largest provider of occupational health services, today announced results for its first quarter ended March 31, 2025, and the declaration of a cash dividend.
About this update from Concentra Group Holdings Parent, Inc.
[{"type":"text","content":"ADDISON, Texas, May 07, 2025--(BUSINESS WIRE)--Concentra Group Holdings Parent, Inc. ("Concentra," the "Company," "we," "us," or "our") (NYSE: CON), the nation’s largest provider of occupational health services, today announced results for its first quarter ended March 31, 2025, and the declaration of a cash dividend.","length":369,"tagName":"p"},{"type":"text","content":""Concentra reported a solid start to 2025 with strong revenue and Adjusted EBITDA growth in the first quarter. With a deep understanding of patient and client needs and market dynamics, we continue to execute on key drivers of growth and deliver a comparative market advantage. Maintaining this focus ensures we continue to achieve our strategic business objectives for the year," said Keith Newton, Chief Executive Officer of Concentra.","length":447,"tagName":"p"},{"type":"text","content":"Matt DiCanio, Concentra’s President & Chief Financial Officer, added, "We are very pleased with the organic and inorganic growth developments at the outset of 2025, including the first positive year-over-year growth in Employer Services visit volumes in several quarters. We successfully closed the Nova Medical Centers acquisition and launched three de novo centers in the first quarter, and in April signed a definitive agreement to acquire Pivot Onsite Innovations. We remain focused and confident in our ability to achieve an effective and efficient integration of these centers and businesses through our organizational design and operational efficiency, providing great momentum as we progress in 2025."","length":723,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $500.8 million, an increase of 7.1% from $467.6 million in Q1 2024","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income of $40.6 million, and earnings per common share of $0.30 in Q1 2025","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted earnings per common share of $0.32 in Q1 2025","length":54,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $102.7 million, an increase of 6.8% from $96.1 million in Q1 2024","length":84,"tagNa...