Pennant Group Q1 Revenue Climbs 36% to $285.4M, EPS Hits $0.32
Pennant Group reported GAAP diluted EPS of $0.24 and adjusted diluted EPS of $0.32 for first quarter 2026 with total revenue up 36% to $285.4 million. Net income rose 9.6% to $8.5 million while adjusted net income grew 19.8% to $11.5 million.
1. Q1 Financial Highlights
Pennant Group reported GAAP diluted EPS of $0.24 and adjusted diluted EPS of $0.32 for the first quarter. Total revenue increased 36.0% to $285.4 million, net income rose 9.6% to $8.5 million and adjusted net income grew 19.8% to $11.5 million.
2. Segment Performance
Home Health and Hospice Services revenue climbed 43.3% to $229.1 million, with home health admissions up 62.7% to 30,721 and hospice average daily census up 37.0% to 5,199. Senior Living revenue rose 12.6% to $56.3 million, occupancy held at 78.6% and adjusted EBITDAR grew 12.6%.
3. Acquisition Integration and Outlook
Pennant completed integration of two of five acquisition waves in the Southeast and has census above acquisition levels across newly added operations. Despite a 1.3% home health reimbursement cut, same store margins improved, clinical outcomes remained strong and management expects to unlock further margin expansion.