GlobeNewswire·Nov 4, 2026, 4:05 PM ET

Pennant Reports Third Quarter 2026 Results

The Pennant Group, Inc. reported GAAP diluted earnings per share of $0.26 and adjusted diluted earnings per share of $0.35 for the third quarter of 2026.
Total revenue for the third quarter reached $302.3 million, representing a 32.0% increase over the prior year quarter.
Net income for the quarter was $9.6 million, an increase of 58.5% compared to the same period last year.
Consolidated Adjusted EBITDA for the third quarter was $24.7 million, up 42.4% year-over-year.
The Home Health and Hospice Services segment revenue grew 38.2% to $239.8 million, driven by a 39.4% increase in total home health admissions to 28,479.
Hospice average daily census increased 34.6% to 5,443 for the quarter, with same-store hospice census up 13.0%.
Senior Living Services segment revenue rose 12.6% to $62.4 million, though average occupancy decreased 250 basis points to 78.4%.
Average monthly revenue per occupied room in the Senior Living segment increased 3.7% to $5,385.
The company added 75 home health and hospice locations and 16 senior living communities over the last two years.
Medicare revenue accounted for 50.6% of total revenue in the third quarter, while Medicaid revenue comprised 13.2%.
Cash provided by operating activities for the nine months ended September 30, 2026, was $43.5 million.
The company held a conference call webcast on November 5, 2026, to discuss these third-quarter financial results.