ModivCare Inc. (MODV) Tops Q2 EPS by 58c

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Go back to ModivCare Inc. (MODV) Tops Q2 EPS by 58c

Modivcare Reports Second Quarter 2022 Financial Results and Updates 2022 Guidance

August 4, 2022 6:00 AM EDT

DENVER--(BUSINESS WIRE)-- Modivcare Inc., (the Company or Modivcare) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions focused on improving patient outcomes, today reported financial results for the three and six months ended June 30, 2022.

Second Quarter 2022 Highlights:

Revenue of $628.2 million, a 32.4% increase as compared to $474.4 million in Q2 2021 Net income of $3.3 million or $0.24 per diluted common share Adjusted EBITDA of $60.2 million, Adjusted Net Income of $28.1 million and Adjusted EPS of $1.99 2022 guidance increased... More