Concentra Announces Preliminary Q4 2024 Revenue Of $465M, Up 5.5%, Net Income $20.6M-$22.6M; FY24 Revenue $1.9B, Up 3.4%, Net Income $169.7M-$171.7M; Q4 Adjusted EBITDA Up 13.6% To $77.5M; FY Adjusted EBITDA Up 4.3% To $376.9M; Patient Visits Down 2.1%; CapEx $18.1M In Q4

Benzinga
01-23

Fourth Quarter and Full Year 2024 Preliminary Results

For the fourth quarter 2024, Concentra expects to report:

  • Revenue of $465.0 million, an increase of 5.5% over Q4 2023
  • Net income in the range of $20.6 million to $22.6 million, compared to $28.9 million in Q4 2023
  • Adjusted EBITDA of $77.5 million, an increase of 13.6% over Q4 2023
  • Patient Visits of 2,994,988, or 46,797 Visits per Day, a decrease in Visits per Day of 2.1% from Q4 2023
  • Revenue per Visit of $145.08, an increase of 5.8% over Q4 2023
  • Capital Expenditures of $18.1 million, compared to $23.6 million in Q4 2023
  • Total occupational health centers of 552, compared to 544 at end of Q4 2023
  • Total onsite health clinics of 157, compared to 150 at end of Q4 2023

For full year 2024, Concentra expects to report:

  • Revenue of $1,900.2 million, an increase of 3.4% over FY 2023
  • Net income in the range of $169.7 million to $171.7 million, compared to $184.7 million in FY 2023
  • Adjusted EBITDA of $376.9 million, an increase of 4.3% over FY 2023
  • Cash balance of $183.3 million and net leverage ratio of approximately 3.5x
  • Patient Visits of 12,623,503, or 49,311 Visits per Day in the quarter, a decrease in Visits per Day of 2.0% from FY 2023
  • Revenue per Visit of $141.30, an increase of 4.5% over FY 2023
  • Capital Expenditures of $65.7 million, compared to $65.0 million in FY 2023

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