Enhabit Reported Preliminary Q2 Adj EBITDA Of $24.5M-$25.0M, Reduced Bank Debt by $15M

7/15/24 7:50:21 AM ET

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Enhabit, Inc. (NYSE:EHAB) ("Enhabit" or the "Company"), a leading home health and hospice provider, today announced certain unaudited preliminary results for the second quarter ended June 30, 2024. The Company plans to report actual second quarter 2024 financial results on Aug. 6, 2024, and host a webcast and conference call on Aug. 7, 2024.

Unaudited Preliminary Results for the Second Quarter Ended June 30, 2024

Adjusted EBITDA* in the range of $24.5 million to $25.0 million
Reduced bank debt by $15 million, including a $10 million payment on Enhabit's revolving credit facility
43% of Enhabit's non-Medicare visits shifting to payor innovation contracts at improved rates, an increase from 38% in the first quarter of 2024

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
5/14/2024	$8.50	Underperform → Market Perform	Leerink Partners
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6/20/2023	$10.00	Underperform	SVB Securities
3/16/2023	$15.00	Neutral	Goldman
12/13/2022	$18.00	Market Perform	CJS Securities
12/8/2022	$12.00	Sell	UBS

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Enhabit Reported Preliminary Q2 Adj EBITDA Of $24.5M-$25.0M, Reduced Bank Debt by $15M
Enhabit, Inc. (NYSE:EHAB) ("Enhabit" or the "Company"), a leading home health and hospice provider, today announced certain unaudited preliminary results for the second quarter ended June 30, 2024. The Company plans to report actual second quarter 2024 financial results on Aug. 6, 2024, and host a webcast and conference call on Aug. 7, 2024. Unaudited Preliminary Results for the Second Quarter Ended June 30, 2024 Adjusted EBITDA* in the range of $24.5 million to $25.0 million Reduced bank debt by $15 million, including a $10 million payment on Enhabit's revolving credit facility 43% of Enhabit's non-Medicare visits shifting to payor innovation contracts at improved rates, an increase f
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Enhabit Reported Preliminary Q2 Adj EBITDA Of $24.5M-$25.0M, Reduced Bank Debt by $15M

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Amendment: SEC Form SC 13G/A filed by Enhabit Inc.

SEC Form SC 13G/A filed by Enhabit Inc. (Amendment)

SEC Form SC 13G/A filed by Enhabit Inc. (Amendment)

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$EHAB Insider Trading

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Director Schochet Barry P. was granted 3,336 shares, increasing direct ownership by 9% to 39,838 units (SEC Form 4)

Director Rush Gregory S was granted 3,511 shares, increasing direct ownership by 8% to 47,388 units (SEC Form 4)

Director Ohlendorf Mark W was granted 2,633 shares, increasing direct ownership by 18% to 17,211 units (SEC Form 4)

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Director Bolton Jeffrey bought $40,050 worth of shares (5,000 units at $8.01), increasing direct ownership by 7% to 78,877 units (SEC Form 4)

Director Bolton Jeffrey bought $58,650 worth of shares (7,000 units at $8.38), increasing direct ownership by 10% to 73,877 units (SEC Form 4)

Bolton Jeffrey bought $83,300 worth of shares (10,000 units at $8.33), increasing direct ownership by 24% to 52,299 units (SEC Form 4)

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