GMR Solutions Inc. Class A (GMRS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, thank you for joining us and welcome to GMR Solutions Q2 2026 Earnings Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Krister Sorensen, Vice President of Investor Relations. Krister, please go ahead. Joining me today are Nic Loporcaro, our Board Chair in Thank you. Good morning and welcome to the GMR Solutions Q2 2026 Earnings Conference Call. Joining me today are Nic Loporcaro, our Board Chair and CEO, Ted Van Horne, our President and COO, and Brian Tierney, our Executive Vice President and CFO. Before we begin, note that during this call, we may make forward-looking statements, and actual results may differ materially from those statements because of various risks and uncertainties, including those described in our most recent earnings report posted on our investor relations website and in the risk factors section in our IPO prospectus. Thanks, Krister, and thank you all for joining us today. Thank you so much for joining us. along with 29,000 calls through our 911 nurse navigation offering. And the remaining approximately 280,000 ground patient encounters consisted of interventions on scene that did not result in a transport. During the quarter, we provided air medical services to over 36,000 patients. Q2 revenue was $1.49 billion, which represents 3.3% year-over-year growth. Adjusted EBITDA of $285 million decreased 11.8% year over year with an adjusted EBITDA margin of 19.1%. As mentioned previously, prior year results benefited from favorable revenue estimate adjustments associated with the No Surprises Act related collections on claims from earlier d...