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ATLANTA -On Thursday, Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) reported better-than-expected fourth quarter results and provided strong 2025 guidance.
The company’s shares were up 5.35% in premarket trading following the release.
The home healthcare provider posted adjusted earnings per share of $0.05, beating analyst estimates of breakeven. Revenue came in at $519.9 million, surpassing expectations of $499.07 million and representing an 8.6% increase from the prior year period.
"Our fourth quarter results reflect an exceptional year of transformation at Aveanna," said CEO Jeff Shaner. He noted revenue and adjusted EBITDA growth of 8.6% and 42.8% respectively compared to Q4 2023.
For the full year 2024, Aveanna generated over $2 billion in revenue and adjusted EBITDA exceeding $183 million.
Looking ahead, the company provided robust guidance for fiscal 2025, projecting revenue between $2.10-$2.12 billion. This outlook is in line with analyst expectations of $2.11 billion.
Aveanna’s gross margin improved to 33.0% in Q4 from 31.0% a year ago. The company also reported net income of $29.2 million for the quarter, compared to a net loss of $25.7 million in Q4 2023.
CFO Matt Buckhalter highlighted the company’s strategic cost reductions and success of its preferred payor strategy as key drivers of profitability improvement.
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