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Almost Family Inc (AFAM) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Almost Family Inc

CIK: 799231 Ticker: AFAM

Almost Family Reports First Quarter 2017 Results

May 9, 2017

Exhibit 99.1

 

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Almost Family, Inc.
Steve Guenthner
(502) 891-1000

 

 

FOR IMMEDIATE RELEASE

May 9, 2017

 

Almost Family Reports First Quarter 2017 Results

 

Louisville, KY, May 9, 2017 –  Almost Family, Inc. (NASDAQ: AFAM), a leading national provider of home health and related services, announced today its financial results for the quarter ended March 31, 2017.

 

First Quarter Highlights (1):

·

Record net service revenues of approximately $201.3 million including the first quarter of operations of the CHS-JV (see below), up 31% from the first quarter of 2016

·

GAAP net income of $3.6 million

·

GAAP EPS of $0.28(2) per diluted share 

·

Adjusted net income of $7.1(1) million

·

Adjusted EPS of $0.55(1, 2).  Excluding the effect of the January 2017 equity sale, Adjusted EPS would have been $0.68(1, 2)

·

Adjusted EBITDA of $16.6 million

·

Net cash from operating activities of $7.0 million

·

As of May 9, 2017 the Company has completed conversion of 32 home health branches to the new HomeCare-HomeBase information system and currently expects to complete conversion of the remaining branches before the end of 2017


The following information was filed by Almost Family Inc (AFAM) on Wednesday, May 10, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Almost Family Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

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SEC Filing Tools
Ticker: AFAM
CIK: 799231
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-17-004060
Submitted to the SEC: Tue May 09 2017 9:37:47 PM EST
Accepted by the SEC: Wed May 10 2017
Period: Friday, March 31, 2017
Industry: Social Services

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