ModivCare, Inc. (MODV) Q3 2024 Earnings Call Transcript Summary
ModivCare, Inc. (MODV) Q3 2024 Earnings Call Transcript Summary
Net loss was approximately $27 million, with adjusted net income of $6 million, or $0.45 per diluted share.The following is a summary of the ModivCare, Inc. (MODV) Q3 2024 Earnings Call Transcript:
以下是ModivCare, Inc. (MODV) 2024年第三季度业绩会议电话记录总结：
Financial Performance:
财务表现:
ModivCare reported Q3 2024 revenue of $702 million with a year-over-year increase driven by 5% PCS growth and 1% NEMT growth.
Adjusted EBITDA was $43 million, reflecting continued operational improvements, higher margins in Remote Patient Monitoring, and cost savings in NEMT.
Net loss was approximately $27 million, with adjusted net income of $6 million, or $0.45 per diluted share.
Guidance for 2024 adjusted EBITDA was maintained in the range of $170 million to $180 million, with expectations for a 10% increase in 2025 adjusted EBITDA driven by membership growth, new contract wins, cost savings, and strategic initiatives.
ModivCare报告2024年第三季度营业收入为70200万美元，同比增长主要由于个人护理业务增长5%和网络医疗技术业务增长1%所推动。
调整后的EBITDA为4300万美元，反映持续的运营改善，远程患者监测业务利润率提高以及网络医疗技术业务成本节约。
净损失约为2700万美元，调整后的净利润为600万美元，每股稀释收益为0.45美元。
2024年调整后的EBITDA指导范围维持在17000万至18000万美元之间，预计2025年调整后的EBITDA将增长10%，主要由会员增长、新合同获得、成本节省和战略举措所推动。
Business Progress:
业务进展：
ModivCare has made substantial progress in enhancing technology and automating processes to optimize costs, particularly in the NEMT segment.
The company is shifting NEMT contracts towards fee-for-service arrangements aiming for improved cash flows and reduced payment delays.
Continued focus on strategic renewals and expansions in state NEMT contracts, with a strong pipeline valued at $1.7 billion.
In Personal Care Services, growth is propelled by rate increases and operational efficiencies following comprehensive transformations.
ModivCare在提升技术水平和优化成本方面取得了实质性进展，特别是在网络医疗技术业务领域。
公司正在将NEMt合同转向按服务费安排，旨在改善现金流并减少付款延迟。
继续专注于战略续订和扩张州NEMt合同，在价值17亿美元的强劲订单管道。
在个人护理服务方面，增长受到费率提高和全面转型后的运营效率推动。
Opportunities:
机会：
Fee-for-service contract transitions in NEMT are expected to provide more stable and predictable revenue streams.
Anticipated rate increases and favorable regulatory environment in key states like Pennsylvania could improve profitability in the Personal Care Services segment.
ModivCare's focus on technological enhancements and service diversification sets the stage for competitive advantages and market share gains.
NEMt的按服务费合同转换预计将提供更稳定和可预测的营收流。
预期的费率提高和宾夕法尼亚等关键州有利的监管环境可能改善个人护理服务领域的盈利能力。
ModivCare专注于技术增强和服务多样化，为竞争优势和市场份额增长奠定了基础。
Risks:
风险：
Expected contraction in Medicare Advantage business could impact revenues, especially given its significance to NEMT and RPM segments.
Challenges in the Medicaid redetermination process and health care utilization norms could create financial pressures and impact service delivery.
预计医疗保险业务收入可能出现收缩，尤其是考虑到其对NEMt和RPm部分的重要性。
医疗保险重新确定过程和医疗保健利用规范中的挑战可能造成财务压力，并影响服务交付。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。
