Pennant Group Inc ( (PNTG) ) has released its Q4 earnings. Here is a breakdown of the information Pennant Group Inc presented to its investors.
The Pennant Group, Inc. operates as a holding company for independent subsidiaries providing home health, hospice, and senior living services across multiple states in the U.S. The company is known for its focus on healthcare services and operates numerous agencies and communities.
Pennant Group recently released its financial results for the fourth quarter and fiscal year 2024, showcasing significant growth in revenue and earnings. The company reported a notable increase in both GAAP and adjusted earnings per share, reflecting its strong operational performance and strategic expansion efforts.
Key financial highlights include a 27.6% increase in total revenue for the year, reaching $695.2 million, and a 68.6% rise in net income to $22.6 million. The Home Health and Hospice Services segment saw a substantial revenue increase of 31.7%, while the Senior Living segment experienced a 16.8% rise. The company also achieved a record number of home health admissions and maintained a solid average daily census in its hospice services.
Looking ahead, Pennant Group’s management remains optimistic about future growth, projecting total revenue for 2025 to be between $800 million and $865 million. The company anticipates continued momentum driven by strategic acquisitions and organic growth, positioning itself for further success in the coming year.