ModivCare Inc. (MODV) Misses Q1 EPS by 29c, Revenues Miss

Go back to ModivCare Inc. (MODV) Misses Q1 EPS by 29c, Revenues Miss

ModivCare Reports First Quarter 2021 Financial Results

May 7, 2021 6:00 AM EDT

DENVER--(BUSINESS WIRE)-- ModivCare Inc., (the Company or ModivCare) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, today reported financial results for the three months ended March 31, 2021.

First Quarter 2021 Highlights:

Revenue of $453.6 million, a 23.5% increase as compared to $367.3 million in Q1 2020 Income from continuing operations, net of tax, of $18.9 million or $1.31 per diluted common share Adjusted EBITDA of $48.0 million, Adjusted Net Income of $27.5 million and Adjusted EPS of... More