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PACS Group PACS Q1 2024 earnings

Reported May 13, 2024 · Before market open

Revenue$934.7MBeat by $51.3M
EPS$0.33Beat by $0.04
Revenue estimate$883.4M
EPS estimate$0.29

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$1.4B
EPS estimate$0.54

Financials

Q1 2024

Income statement

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Revenue$919.8M+29.8%
Gross profit$183.8M+8.4%
Operating income$65.3M+10.1%
Net income$34.8M-7.4%
EPS (diluted)$0.27-6.9%

Balance sheet

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Cash & equivalents$93.3M-30.8%
Total debt$2.5B
Total equity$113.7M+29.6%
Total assets$3.9B

Cash flow

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Operating cash flow$58.8M-25.9%
CapEx$10.8M+81.3%
Free cash flow$48.0M-34.6%

Valuation & ratios

Profitability

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Gross margin20.4%-3.0pp
Operating margin6.4%-2.7pp
Net margin3.3%-2.6pp

Returns & leverage

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Return on equity109.3%
Debt / equity22.2×
Current ratio1.5×

Segments

By segment

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Reportable Segment$919.8M+18.3%

Versus estimates

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Questions, answered.

When did PACS Group report Q1 2024 earnings?
PACS Group (PACS) reported Q1 2024 earnings on May 13, 2024 before market open.
What were PACS Group's Q1 2024 revenue and EPS?
PACS Group reported revenue of $934.7M and eps of $0.33 for Q1 2024.
Did PACS Group beat estimates in Q1 2024?
Revenue beat the consensus estimate of $883.4M by $51.3M. EPS beat the consensus estimate of $0.29 by $0.04.
Where can I find PACS Group's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0002001184-24-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.