RadNet (NASDAQ: RDNT) reported Q4 EPS of $0.59, $0.41 better than the analyst estimate of $0.18. Revenue for the quarter came in at $257.2 million versus the consensus estimate of $248.2 million.

• For the fourth quarter of 2018, RadNet reports Total Net Revenue (“Revenue”) of $257.2 million and Adjusted EBITDA([1])of $46.2 million; Adjusted EBITDA(1) includes adjustments as a result of substantial gains and losses from changes in the organization of east coast and international operations
• Revenue increased 9.2% and Adjusted EBITDA(1) increased 13.5% as compared with the same quarter in 2017
• For full year 2018, RadNet reports Revenue of $975.1 million and Adjusted EBITDA(1)of $143.5 million; Revenue increased 5.7% and Adjusted EBITDA(1) increased 0.7% as compared with full year 2017
• Net Income Attributable to RadNet, Inc. Common Stockholders(“Net Income”) for the fourth quarter was $29.1 million (or $0.59 per diluted share), compared to a Net Loss of $7.3 million (or $(0.15) per diluted share) in the fourth quarter of 2017
• For full year 2018, Net Income was $32.2 million (or $0.66 per diluted share), compared with Net Income of $50,000 (or $0.00 per diluted share) in 2017
• In the fourth quarter, aggregate volumes increased 8.3% and same center volumes increased 1.1% compared with last year’s fourth quarter
• RadNet announces 2019 guidance ranges, anticipating increases in Revenue, Adjusted EBITDA(1) and Free Cash Flow

GUIDANCE:

RadNet sees FY2019 revenue of $1.05-1.1 billion, versus the consensus of $1.03 billion.

For earnings history and earnings-related data on RadNet (RDNT) click here.