AdaptHealth Corp. (AHCO) Q3 2023 Earnings Call Transcript

Nov. 07, 2023 2:39 PM ETAdaptHealth Corp. (AHCO) Stock
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Q3: 2023-11-07 Earnings Summary

10-Q
EPS of $0.21 beats by $0.01 | Revenue of $804.03M (6.28% Y/Y) beats by $7.44M

AdaptHealth Corp. (NASDAQ:AHCO) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET

Company Participants

Richard Barasch - Interim Chief Executive Officer
Jason Clemens - Chief Financial Officer

Conference Call Participants

Matthew Blackman - Stifel
Pito Chickering - Deutsche Bank
Richard Close - Canaccord Genuity
Joanna Gajuk - Bank of America
Eric Coldwell - Baird

Operator

Good day, everyone, and welcome to today's AdaptHealth Third Quarter 2023 Earnings Release Call. At this time, all participants are in a listen-only mode. Later you will have an opportunity to ask questions during the question-and-answer session. [Operator Instructions].

It is now my pleasure to turn today's call over to Richard Barasch, Chairman and Interim CEO. Please go ahead.

Richard Barasch

Good morning, everyone. Thank you for joining us today to discuss AdaptHealth's third quarter performance. Before we begin, I'd like to remind everyone that statements included in this conference call and in the press release issued today may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements include, but are not limited to comments regarding financial results for 2023 and beyond. Actual results could differ materially from those projected in forward-looking statements because of a number of risk factors and uncertainties, which are discussed at length in the company's annual and quarterly SEC filings. AdaptHealth Corp. should have no obligation to update the information provided on this call to reflect such subsequent events.

Additionally, on this call, the company will reference certain financial measures, such as EBITDA, adjusted EBITDA, and free cash flow, all of which are non-GAAP financial measures. This morning's call is being recorded, and a replay of the call will be available later today.

We are pleased with the results of the third quarter. Powered by our Sleep business, we generated 6.3% growth over last year, leading

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