AdaptHealth Corp. Announces Second Quarter 2020 Financial Results
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AdaptHealth Corp. (AHCO) Misses Q2 EPS by 11c, Revenues Beat; Raises FY20 Net Revenue Guidance Above Consensus
August 4, 2020 6:15 AM EDTAdaptHealth Corp. (NASDAQ: AHCO) reported Q2 EPS of $0.08, $0.11 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $232.1 million versus the consensus estimate of $196.28 million.
Highlights
AdaptHealth recorded record revenue and profitability during the second quarter of 2020 aided by its ability to supply critically needed equipment and medical supplies to referral partners during the COVID-19 pandemic.On July 1, 2020, the Company closed the acquisitions of Solara Medical Supplies and ActivStyle. These acquisitions bolster the Companys recurring resupply business and expand AdaptHealths presence in the fast-growing continuous glucose monitoring... More