Aveanna Healthcare Holdings Announces Third Quarter Financial Results and Revised 2026 Guidance

(NASDAQ: AVAH) Aveanna Healthcare Holdings Inc. announced financial results for the three and nine-month periods ended October 3, 2026. Revenue for the three-month period ended October 3, 2026 was $695.5 million, compared to $621.9 million for the same period in 2025, an increase of $73.6 million or 11.8%. The increase in revenue was driven by a $59.8 million increase in PDS segment revenue, a $9.7 million increase in HHH segment revenue, and a $4.1 million increase in MS segment revenue. Gross margin for the three-month period was $226.8 million, or 32.6% of revenue, up from $202.8 million, or 32.6% of revenue, in the prior year, an increase of $23.9 million or 11.8%. Net income for the three-month period was $45.5 million, or 6.5% of revenue, compared to $14.1 million, or 2.3% of revenue, in the prior year. Net income per diluted share was $0.20, up from $0.06 in the prior year. Adjusted net income per diluted share was $0.23, compared to $0.15 in the prior year. Adjusted EBITDA for the three-month period was $100.1 million, or 14.4% of revenue, compared to $80.1 million, or 12.9% of revenue, an increase of $20.0 million or 25.0%. For the nine-month period ended October 3, 2026, revenue was $2,013.9 million, compared to $1,770.7 million in the prior year, an increase of $243.2 million or 13.7%. The increase in nine-month revenue was due to a $203.4 million increase in PDS segment revenue, a $28.5 million increase in HHH segment revenue, and an $11.4 million increase in MS segment revenue. Gross margin for the nine-month period was $650.7 million, or 32.3% of revenue, compared to $597.2 million, or 33.7% of revenue, an increase of $53.5 million or 9.0%. Net income for the nine-month period was $127.4 million, or 6.3% of revenue, compared to $46.3 million, or 2.6% of revenue, in the prior year. Net income per diluted share for the nine-month period was $0.57, up from $0.22 in the prior year. Adjusted net income per diluted share was $0.63, compared to $0.43 in the prior year. Adjusted EBITDA for the nine-month period was $279.9 million, or 13.9% of revenue, compared to $235.9 million, or 13.3% of revenue, an increase of $44.0 million or 18.7%. As of October 3, 2026, Aveanna had cash of $197.8 million and incremental borrowing capacity of $68.7 million under its securitization facility. The revolver was undrawn, with approximately $225.6 million of borrowing capacity and approximately $24.4 million of outstanding letters of credit. Net cash provided by operating activities was $157.5 million for the nine-month period, and free cash flow was $141.2 million. Total indebtedness as of October 3, 2026 was $1,521.3 million. Interest rate exposure under credit facilities is hedged with $520.0 million notional amount of interest rate caps at 4.00% SOFR and $880.0 million notional amount of interest rate caps at 2.96% SOFR. For the full fiscal year 2026, Aveanna raised its guidance to revenue of greater than $2.695 billion (up from greater than $2.68 billion) and Adjusted EBITDA of greater than $374 million (up from greater than $365 million). The company does not provide guidance on net income due to volatility in certain required inputs. Jeff Shaner is Chief Executive Officer and Matt Buckhalter is Chief Financial Officer. The company uses non-GAAP financial measures including EBITDA, Adjusted EBITDA, Field contribution, Field contribution margin, Adjusted net income, Adjusted net income per diluted share, and Free cash flow, with reconciliations included in the financial tables.

Aveanna Healthcare Holdings Completes Acquisition of Family First Homecare and Updates Full Year 2026 Guidance

(NASDAQ: AVAH) Aveanna Healthcare Holdings Inc. announced that it completed its acquisition of Family First Holding, LLC ("Family First Homecare") for a cash purchase price of $175.5 million. Family First Homecare operates 27 locations in seven states including Florida, Illinois, Iowa, North Carolina, Pennsylvania, South Dakota, and Texas, and primarily provides skilled Private Duty Nursing services. Aveanna funded the acquisition with cash on hand. The company updated its full year 2026 guidance to reflect the impact of Family First Homecare, projecting revenue of between $2.63 and $2.65 billion, up from between $2.56 and $2.58 billion, with the increase exclusively related to Family First Homecare's revenue guidance of $70.0 million. Adjusted EBITDA guidance was also updated to between $338 and $342 million, up from between $328 and $332 million, with the increase exclusively related to Family First Homecare's Adjusted EBITDA guidance of $10.0 million. Edge Healthcare Partners served as financial advisor to Aveanna, and Bass, Berry & Sims provided legal counsel, while Baird and J.P. Morgan Securities, LLC served as financial advisors to Family First Homecare and Greenberg Traurig, LLP served as its legal advisor. Aveanna Healthcare is headquartered in Atlanta, Georgia and has locations in 39 states providing a broad range of pediatric and adult healthcare services.

Aveanna Healthcare Holdings Announces First Quarter Financial Results and Revised 2026 Guidance

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) reported first quarter 2026 revenue of $647.9 million, a 15.9% increase over the prior year period. Net income for the quarter was $41.7 million, up from $5.2 million in the prior year, and Adjusted EBITDA was $84.4 million, a 25.2% increase. The company raised its full year 2026 revenue guidance to between $2.56 and $2.58 billion and Adjusted EBITDA guidance to between $328 and $332 million. Liquidity as of April 4, 2026, included $189.3 million in cash and $110.0 million in incremental borrowing capacity. The pending Family First Homecare acquisition is expected to reduce liquidity upon closing.

Aveanna to Participate at the William Blair 46th Annual Growth Stock Conference

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) announced that its management team will attend the William Blair 46th Annual Growth Stock Conference in Chicago on June 2, 2026. Management will present at 2:40pm CST and host 1x1 investor meetings the same day. A simultaneous webcast of the presentation will be available on the Investor Relations section of the Company’s website, with an online replay available for a limited time. Aveanna Healthcare is headquartered in Atlanta, Georgia and operates in 38 states, providing a broad range of pediatric and adult healthcare services. The announcement highlights the company's participation in a major investor conference and its extensive service offerings.