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| Company | Revenue | |
|---|---|---|
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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 1.3B | 1.6% |
| Gross Profit | 550M | 6% |
| Cost of Revenue | 751M | 1.4% |
| Operating expense | 240M | 5.4% |
| Net Income | 114M | 1.4% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 6.39B | 2.5% |
| Total Liabilities | 3.86B | 0.8% |
| Total Equity | 1.84B | 5.6% |
| Shares Outstanding | 100M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 219M | 53.9% |
| Cash from investing | -158M | 22.1% |
| Cash from financing | -50M | 22.2% |
EPS
Financial Highlights for Encompass Health in Q2 '24
Encompass Health reported a revenue of 1.3B, which is a 1.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 550M, marking a 6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 751M, a -1.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 240M, showing a -5.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 114M, showing a 1.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Encompass Health with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
