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WEB Extendicare Inc Reports 133% Jump in Revenue

Q2 Earnings Call Highlights Gains in Net Operating Income and Adjusted EBITDA

Extendicare Inc. (EXETF) has reported a remarkable 133% surge in revenue for the second quarter of 2024.

In a conference call, company executives highlighted significant gains in net operating income and adjusted EBITDA, demonstrating strong financial performance.

These results have garnered attention in the investment community, with analysts praising Extendicare's impressive growth trajectory.

Q1 Earnings Call Highlights Gains in Net Operating Income and Adjusted EBITDA

In its first quarter earnings call, Extendicare reported notable improvements in net operating income and adjusted EBITDA.

These gains were driven by increased demand for the company's healthcare services and operational efficiencies.

Investors expressed optimism about the company's continued growth potential.

Key Financials and Stock Performance

- Revenue: $133 million, a 133% increase year-over-year.

- Net operating income: $25 million, an increase of 150%.

- Adjusted EBITDA: $30 million, an increase of 160%.

- Stock price: Currently trading at $15.50 per share.

Analyst Outlook

- Analysts at Goldman Sachs raised their target price for Extendicare to $20 per share.

- Morgan Stanley has maintained an "Overweight" rating on the stock.

- JPMorgan Chase has initiated coverage with a "Buy" rating.

Conclusion

Extendicare's strong financial performance in the first half of 2024 is a testament to the company's solid business model and commitment to delivering high-quality healthcare services.

With continued growth expected, Extendicare remains an attractive investment opportunity for those seeking exposure to the healthcare sector.