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Almost Family Inc (AFAM) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Almost Family Inc

CIK: 799231 Ticker: AFAM


                                                                                       
Exhibit 99.1           


Almost Family, Inc.
Steve Guenthner
(502) 891-1000
 
 
The Ruth Group
Investor Relations
Nick Laudico
(646) 536-7030
nlaudico@theruthgroup.com
 
 

Almost Family Reports Fourth Quarter and Full Year 2013 Results


Louisville, KY, March 11, 2014
– Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing and personal care services, announced today its financial results for the three months and full year ended December 31, 2013.

Fourth Quarter Highlights:
·  
Record net service revenues of $96.3 million
·  
Net income attributable to Almost Family, Inc. of $328,000, or $0.03 per diluted share
·  
Diluted EPS from continuing operations of $0.04 including $0.26 of acquisition related expenses, excluding which diluted EPS would have been $0.30
·  
Cash flows from operations of $7.6 million
·  
Visiting Nurse segment net revenues were $74.7 million and Personal Care segment revenues were $21.7 million
·  
Results include the acquisition of SunCrest on December 6, 2013 which added $0.05 to diluted EPS from continuing operations for both the quarter and the year.

Full Year Highlights:
·  
Record net service revenues of $357.8 million
·  
Net income attributable to Almost Family, Inc. was $8.2 million, or $0.88 per diluted share
·  
Diluted EPS from continuing operations of $0.91 including $0.32 of acquisition related expenses, excluding which diluted EPS would have been $1.23
·  
Cash flows from operations of $19.8 million
·  
Visiting Nurse segment net revenues were $275.8 million
·  
Personal Care segment net revenues grew to $82.0 million.

Comments on 2013 Results
William Yarmuth, Chief Executive Officer, commented on the year: “We are pleased with where the Company is positioned for the future after another difficult year for the industry on the reimbursement and regulatory front.  Although the recent rebasing rule creates ongoing challenges over the next few years, we remain confident that home health care is key to an effective health care delivery system over the long term.  We are equally confident that the

 
 

The following information was filed by Almost Family Inc (AFAM) on Tuesday, March 11, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Consolidated Statements Of Income (parenthetical)
Consolidated Statements Of Stockholders' Equity
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Acquisitions
Acquisitions (details)
Acquisitions (tables)
Commitments And Contingencies
Commitments And Contingencies (details 2)
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Discontinued Operations
Discontinued Operations (details)
Fair Value Measurements
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Property And Equipment, Net
Property And Equipment, Net (details)
Property And Equipment, Net (tables)
Quarterly Financial Data - (unaudited)
Quarterly Financial Data - (unaudited) (details)
Quarterly Financial Data - (unaudited) (tables)
Retirement Plan
Retirement Plan (details)
Revolving Credit Facility
Revolving Credit Facility (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Segment Data
Segment Data (details)
Segment Data (tables)
Stockholders' Equity
Stockholders' Equity (details 2)
Stockholders' Equity (details)
Stockholders' Equity (tables)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 10)
Summary Of Significant Accounting Policies (details 11)
Summary Of Significant Accounting Policies (details 2)
Summary Of Significant Accounting Policies (details 3)
Summary Of Significant Accounting Policies (details 4)
Summary Of Significant Accounting Policies (details 5)
Summary Of Significant Accounting Policies (details 6)
Summary Of Significant Accounting Policies (details 7)
Summary Of Significant Accounting Policies (details 8)
Summary Of Significant Accounting Policies (details 9)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Ticker: AFAM
CIK: 799231
Form Type: 10-K Annual Report
Accession Number: 0001104659-14-019646
Submitted to the SEC: Fri Mar 14 2014 12:04:50 PM EST
Accepted by the SEC: Fri Mar 14 2014
Period: Tuesday, December 31, 2013
Industry: Social Services

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