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Extendicare (TSE:EXE)
TSX:EXE
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.15Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 15.24%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Extendicare's strong financial performance with significant growth in adjusted EBITDA, home healthcare services, and managed services. The company also benefits from increased government funding and has announced a dividend increase. Challenges include potential impacts of tariffs and inflation on construction costs and the termination of management agreements due to Revera's asset sales. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
During Extendicare Inc.'s fourth-quarter 2024 analyst conference call, the company provided extensive guidance on its financial performance and strategic initiatives. The adjusted EBITDA, excluding out-of-period items, increased by 43.5% to $33.4 million, reflecting strong performance across various segments. The long-term care segment saw a 150 basis point increase in Q4 NOI margins, while the home healthcare segment delivered a record 11 million hours of care, with a 10.1% increase in average daily volume and a 160 basis point margin improvement. Extendicare also expanded its managed services, adding new beds in Kingston and Stittsville, contributing to a 7.4% year-over-year growth in bed services. The company maintained its managed service margins within the 50% to 55% target range and announced a 5% dividend increase, supported by a dividend payout ratio of less than 50% for 2024. Additionally, Extendicare outlined its strategic focus on redevelopment projects and acquisitions, with plans to redevelop 361 long-term care beds and a projected increase in annual NOI of $6.8 million and AFFO of $1.4 million. The company's strong liquidity position, with cash on hand of $122 million and access to $108 million under a new credit facility, positions it well for future growth.Significant Increase in Adjusted EBITDA
Adjusted EBITDA excluding out-of-period items increased by 43.5% to $33.4 million, indicating strong operational performance.
Home Healthcare Growth
Delivered a record 11 million hours of care in 2024, with Q4 showing a 10.1% increase in average daily volume from the prior year period.
Ontario Government Funding Increase
4% rate increase for the home care sector retroactive to April 1, 2024, supporting compensation, recruitment, retention, and technology investments.
Expansion Achievements
Opened a new home in Kingston with 192 beds and another 256 beds in Stittsville, Ontario, contributing to strong results in the managed services segment.
Dividend Increase
Announced a 5% increase in the common share dividend to $0.042 per month, reflecting financial strength and growth potential.
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TSE:EXE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:EXE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | C$11.55 | C$12.37 | +7.10% |
| Nov 12, 2024 | C$9.31 | C$10.00 | +7.41% |
| Aug 12, 2024 | C$7.38 | C$7.88 | +6.78% |
| May 15, 2024 | C$7.36 | C$6.94 | -5.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Extendicare (TSE:EXE) report earnings?
Extendicare (TSE:EXE) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Extendicare (TSE:EXE) earnings time?
Extendicare (TSE:EXE) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:EXE EPS forecast?
TSE:EXE EPS forecast for the fiscal quarter 2025 (Q1) is 0.16.
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