Providence Service Corporation Reports First Quarter 2018 Results
PROVIDENCE SERVICE (PRSC)
Last providence service earnings: 11/7 04:10 pm
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US:NASDAQ Investor Relations:
prscholdings.com/investor-relations
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Source: GlobeNewswire
Highlights for the First Quarter of 2018: Revenue from continuing operations of $406.0 million, a 1.6% increase from the first quarter of 2017 Income from continuing operations, net of tax, of $5.7 million, or $0.29 per diluted common share, compared to $1.9 million, or $0.03 per diluted common share, in the first quarter of 2017 Adjusted Net Income of $10.7 million, a 61.5% increase from the first quarter of 2017; Adjusted EPS of $0.63, an 80.0% increase from the first quarter of 2017Adjusted EBITDA of $19.3 million, a 24.0% increase from the first quarter of 2017 Adopted new revenue recognition standard resulting in unfavorable impact to revenue and earningsRepurchased 589 thousand shares from January 1, 2018 through May 7, 2018Matrix completed the acquisition of HealthFairAnnounced organizational consolidation plan to strengthen operational effectiveness STAMFORD, Conn., May 09, 2018 (GLOBE NEWSWIRE) -- The Providence Service Corporation (the “Company” or “Providence”)
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