The Pennant Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 06, 2024 at 04:10 pm EDT
Share
The Pennant Group, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 156.92 million compared to USD 126.46 million a year ago. Net income was USD 4.91 million compared to USD 1.85 million a year ago.
Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.06 a year ago.
The Pennant Group, Inc. is a holding company of independent operating subsidiaries. The Company operates multiple lines of business, including home health, hospice, and senior living. It operates through two segments: home health and hospice services and senior living services. The home health and hospice services segment includes its home health, home care and hospice businesses. The senior living services segment includes the operation of assisted living, independent living and memory care communities. Its senior living operations provide a variety of services tailored to its residents' needs, including residential accommodations, activities, meals, housekeeping and assistance in the activities of daily living to seniors. The Company provides healthcare services through 113 home health and hospice agencies and 54 senior living communities located throughout Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming.