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PACS Group PACS Q2 2024 earnings

Reported August 12, 2024 · Before market open

Revenue$981.8MBeat by $62.6M
EPS-$0.07Miss by $0.43
Revenue estimate$919.2M
EPS estimate$0.35

Next report

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

Financials

Q2 2024

Income statement

See full
Revenue$935.7M+23.0%
Gross profit$173.6M+2.2%
Operating income-$37.2M-175%
Net income-$31.9M-250%
EPS (diluted)-$0.21-231%

Balance sheet

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Cash & equivalents$77.9M-3.3%
Total debt$2.5B
Total equity$536.8M+541%
Total assets$3.9B

Cash flow

See full
Operating cash flow$34.8M
CapEx$15.3M+43.9%
Free cash flow$19.4M

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$4.5B
Enterprise value$6.88B
P/E78.9×
P/S1.3×

Profitability

See full
Gross margin19.5%-3.6pp
Operating margin3.6%-4.7pp
Net margin1.6%-3.4pp

Returns & leverage

See full
Return on equity18.4%
Debt / equity4.6×
Current ratio1.6×

Segments

By segment

See full
Reportable Segment$935.7M+20.3%

Versus estimates

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Questions, answered.

When did PACS Group report Q2 2024 earnings?
PACS Group (PACS) reported Q2 2024 earnings on August 12, 2024 before market open.
What were PACS Group's Q2 2024 revenue and EPS?
PACS Group reported revenue of $981.8M and eps of $-0.07 for Q2 2024.
Did PACS Group beat estimates in Q2 2024?
Revenue beat the consensus estimate of $919.2M by $62.6M. EPS missed the consensus estimate of $0.35 by $0.43.
Where can I find PACS Group's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0002001184-24-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.