addus homecare corp (ADUS) Key Developments
Addus HomeCare Corporation Announces the Retirement of Dennis Meulemans as Chief Financial Officer
May 7 15
Addus HomeCare Corporation announced that on May 1, 2015, Dennis Meulemans commenced his previously-announced retirement and ceased to be the Chief Financial Officer of the company and each of its subsidiaries.
Addus HomeCare Corporation, Annual General Meeting, Jun 17, 2015
Apr 30 15
Addus HomeCare Corporation, Annual General Meeting, Jun 17, 2015., at 10:00 Central Standard Time. Location: 2300 Warrenville Road. Agenda: To elect Mark L. First and R. Dirk Allison as Class III directors; to ratify the appointment of BDO USA, LLP as the company’s independent auditor for the fiscal year ending December 31, 2015; and to transact such other business, if any, as lawfully may be brought before the meeting.
Addus HomeCare Corporation Appoints Don Klink as CFO, Effective May 11, 2015
Apr 30 15
Addus HomeCare Corporation announced that Don Klink will be joining Addus as Chief Financial Officer effective May 11, 2015. Don brings over 30 years of in-depth financial experience to Addus from his work at both public and private companies. He has experience with implementing, refining and managing the full range of financial functions required of publicly held companies. In addition, through his experience with operations, business development, IT, risk management and human resources, he has a keen understanding of the strategic and tactical needs of companies driving growth through organic expansion and acquisition. From October 2013 through April 2015, he provided various senior financial consulting services, including assignments through Tatum US.
Addus HomeCare Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 30 15
Addus HomeCare Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net service revenues increased 14.3% to $81.9 million from $71.7 million for the first quarter of 2014. Net income was $2.2 million, or $0.19 per diluted share, for the first quarter of 2015 compared with $2.4 million, or $0.21 per diluted share, for the prior-year first quarter. Adjusted earnings per diluted share increased 14.3% to $0.24 for the first quarter of 2015 from $0.21 for the first quarter of 2014. Adjusted EBITDA increased 21.3% to $5.4 million in the first quarter of 2015 compared to $4.5 million for the same period in 2014. Net cash used by operating activities was $0.9 million for the first quarter of 2015 compared with net cash provided by operating activities of $2.7 million for the first quarter of 2014. Operating income was $3,627,000 compared to $3,770,000 a year ago. Income before taxes was $3,454,000 compared to $3,616,000 a year ago. The company utilized $5 million of cash for investments, with the majority used for the priority acquisition, and the remainder used for capital expenses related to IT development. Revenue growth for the quarter was driven by on 11.9% increase in average billable census year-over-year to approximately 33,000.
Addus HomeCare Corporation to Report Q1, 2015 Results on Apr 30, 2015
Apr 20 15
Addus HomeCare Corporation announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on Apr 30, 2015