Tag: Financial Results
Quipt reports 13% increase in setups
December 17, 2024HME News Staff
CINCINNATI – Quipt Home Medical completed approximately 854,000 unique setups/deliveries in fiscal year 2024, an increase of 13%.
This includes approximately 480,000 respiratory resupply setups/deliveries for fiscal year 2024, compared to approximately 396,000 for fiscal year 2023, an increase of 21%.
“Our results for fiscal 2024 reflect the resilience of our business and the scalability of our operating model,” said Greg Crawford, chairman and CEO. “Despite...
F&P on masks: ‘It looks like we’re taking market share’
December 4, 2024Liz Beaulieu, Editor
AUCKLAND, New Zealand – Fisher & Paykel Healthcare’s Homecare product group helped to deliver record financial results for the first half of financial year 2025 on the back of strong performance from masks and accessories.
Revenue for the Homecare product group increased 14% and sales of masks and accessories increased 16% for the first half.
When asked by an analyst during a recent conference call whether F&P was taking share in the competitive mask category, CEO and...
Inogen remains focused on growth, innovation, profitability
November 7, 2024HME News Staff
GOLETA, Calif. - Inogen reported total revenue of $88.8 million for the third quarter of 2024, a 5.8% increase year over year, driven by higher demand and new customer gains across the domestic and international business-to-business channels.
Those gains were partially offset by lower direct-to-consumer sales and rental revenue.
“We continued to make significant progress on our strategic priorities in the third quarter,” said Kevin Smith, president and CEO. Our...
In brief: AdaptHealth’s static revenue, bid program’s impact, AOM’s Western expansion
November 6, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...
AdaptHealth’s revenues are static in Q3
November 5, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...
Owens & Minor sees ‘solid top-line results’
November 4, 2024HME News Staff
RICHMOND, Va.– Owens & Minor reported consolidated revenue of $2.7 billion in the third quarter of 2024, an increase of 5% year over year.
Of that, the company’s Patient Direct business had revenue of $687 million, up 6%, driven by strength in several categories, led by diabetes and sleep supplies. Adjusted EBITDA was $142 million, up 5%; and total debt reduction was $198 million.
“Our third quarter results demonstrated our ability to deliver on our commitments...
Philips reports improvement in profitability
October 28, 2024HME News Staff
AMSTERDAM – Philips reported group sales of EUR 4.4 billion, with flat comparable growth, and adjusted EBITDA margin of 11.8%, up 160 basis points, for the third quarter of 2024.
In the Connected Care business, the company reported comparable sales were flat, with growth in Enterprise Informatics and Sleep & Respiratory Care offset by a low-, single-digit decline in Monitoring, on the back of high-teens growth in the same period last year.
“Strong improvement in profitability...
ResMed highlights ‘ongoing momentum’
October 25, 2024HME News Staff
SAN DIEGO – ResMed’s revenue increased by 11% to $1.2 billion for the first quarter of 2025.
It reported net income of $311.4 million, a 42% increase.
Other results:
Gross margin improved 420 bps to 58.6%; non-GAAP gross margin improved 320 bps to 59.2%
Income from operations increased 34%; non-GAAP income from operations up 27%
Operating cash flow of $326 million
Diluted earnings per share of $2.11; non-GAAP diluted earnings per share...
Quipt eyes acquisitions
August 15, 2024HME News Staff
CINCINNATI – Quipt Home Medical, which reported revenue of $64 million for the third quarter of 2024, a 6.1% increase year over year, says it is “focused on identifying synergistic acquisition candidates” in the wake of Owens & Minor buying Rotech Healthcare.
“The recent acquisition of a larger peer in our industry underscores the significant valuation gap we have in the marketplace compared to our fundamentals,” said CEO and Chairman Greg Crawford. “Furthermore,...
Inogen makes ‘meaningful progress’
August 6, 2024HME News Staff
GOLETA, Calif. – Inogen reported total revenue increased 6.1% to $88.8 million for the second quarter, primarily driven by higher demand and new customers in international and domestic business-to-business sales.
It reported a net loss of $5.59 million vs. a net loss of $9.83 million year over year.
“I am proud of the performance of our team in the first half of 2024,” said Kevin Smith, president and CEO. “We have made meaningful progress on our strategic...