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Jun 30, 2021
Astrana Health Q2 2021 Earnings Report
Announced second quarter 2021 results, showing revenue increase and raised full-year guidance.
Key Takeaways
Apollo Medical Holdings reported a 6% increase in revenue to $175.6 million and an 80% increase in net income attributable to ApolloMed to $12.7 million for the second quarter of 2021. The company also raised its full-year 2021 guidance due to continued organic growth and encouraging results in the first half of the year.
Q2 earnings per share - diluted (“EPS - diluted”) of $0.28 per share, up 47% from the prior-year quarter
Q2 total revenue of $175.6 million, up 6% from the prior-year quarter
Q2 net income attributable to ApolloMed of $12.7 million, up 80% from the prior-year quarter
ApolloMed completed the successful refinancing of its existing term loan and revolving credit facility with a new five-year revolving credit facility of $400.0 million
Forward Guidance
ApolloMed is raising its full-year 2021 guidance as a result of continued organic growth and encouraging results in the first half of the year.
Positive Outlook
- Total revenue is expected to be between $700 million and $720 million.
- Net income is expected to be between $56 million and $66 million.
- Net income attributable to ApolloMed is expected to be between $48 million and $58 million.
- EBITDA is expected to be between $100 million and $119 million.
- Adjusted EBITDA is expected to be between $120.5 million and $130.5 million.
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