24/7 Market News Snapshot 25 February, 2025 – AdaptHealth Corp. Common Stock (NASDAQ:AHCO)
DENVER, Colo., 25 February, 2025 (247marketnews.com) – (NASDAQ:AHCO) are discussed in this article.
AdaptHealth Corp. (AHCO) is witnessing a notable resurgence in its stock performance, opening at $9.70 and currently trading at $10.96, marking an impressive increase of over 28%. This surge follows a previous close of $8.55 and is highlighted by a trading volume of 2.43 million shares, indicating robust investor interest and market momentum. The positive sentiment surrounding AHCO is fueled by its recent financial performance, as the company reported its fourth quarter and full year results for 2024, showcasing significant growth.
For the full year, AdaptHealth achieved net revenue of $3.26 billion, reflecting a 1.9% increase compared to the previous year. Notably, the company turned around its financial standing, posting a net income of $90.4 million, a stark contrast to the net loss of $678.9 million in 2023. The adjusted EBITDA for the year reached $688.7 million, representing a growth of 2.7% year-over-year, while cash flow from operations soared to $541.8 million.
Despite a slight dip in fourth-quarter net revenue to $856.6 million, down 0.2% from the prior year, AdaptHealth reported a net income of $50.3 million, reversing a loss of $254.5 million in the same quarter of the previous year. The adjusted EBITDA for this period was recorded at $200.6 million.
Looking forward, AdaptHealth has provided an optimistic outlook for fiscal year 2025, projecting net revenue between $3.22 billion and $3.36 billion, with adjusted EBITDA estimated to be between $670 million and $710 million. The company is committed to organic growth and enhancing its strategic initiatives, which include leveraging AI and automation to strengthen its position in the rapidly evolving healthcare sector. CEO Suzanne Foster underscored the importance of these initiatives in ensuring long-term success in patient-centered healthcare.
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