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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