Q2 2026 Addus Homecare Corp Earnings Call Transcript

Aug 4, 2026 / 01:00 PM GMT

Release Date Price: €100 (+1.52%)

Transcript 10-Q8-K

Key Points

Positve

Addus HomeCare Corp (ADUS) delivered strong financial results in Q2 2026, with total revenue increasing 8% year-over-year to $377.4 million and adjusted EPS growing 16.1% to $1.73.
The company's personal care segment showed robust organic growth of 6.8%, driven by a 2.2% increase in same-store hours and improved fill rates, which reached the mid-80s.
Hospice operations continued to perform well, with same-store revenue up 11.1% and average daily census exceeding 4,000 in July, indicating sustained momentum.
Cash flow from operations was strong at $40 million for the quarter, allowing the company to reduce bank debt to $64.3 million and maintain significant financial flexibility for future acquisitions.
The company is actively expanding through strategic acquisitions, including the recent entry into Indiana, and is seeing an increase in personal care and home health M&A opportunities, supported by a positive proposed 2027 home health payment rule.

Negative

The home health segment experienced a same-store revenue decrease of 2.8% year-over-year, although this was an improvement from the prior quarter's 6.6% decline.
The company recorded a Medicare cap accrual of over $3 million in the hospice segment, primarily in its Ohio market, which negatively impacted margins for the quarter.
The proposed 2027 home health payment rule includes a 3% temporary adjustment, which the company is concerned about and is actively working with the industry to eliminate.
The final fiscal 2027 hospice rate increase of 2.3% is slightly lower than the proposed 2.4% and represents a 30 basis point decrease from the prior year's increase.
The company's tax rate is expected to be in the upper 20% range due to the expiration of the Work Opportunity Tax Credit program, which was not extended.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADUS.OQ - Addus Homecare Corp
Q2 2026 Addus Homecare Corp Earnings Call
Aug 04, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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To 2, should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may pressar then 1 on a touch tone phone to withdraw your question, please press star two.

Please note this event is being recorded.

I would now like to turn the conference over to Drew Anderson, senior Partner, Finn Partners, please go ahead.

Thank you, good morning and welcome to the Addis Home Care Corporation, second quarter 2026 earnings conference call.

Today's call is being recorded.

To the extent any non-GAAP financial measure is discussed in today's call

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