GMR Solutions Q3 net income jumps on core emergent services growth

By Reuters News


Overview

  • US emergency medical services provider's Q3 revenue rose 5.9% year-over-year

  • Net income for Q3 jumped 81.7% from a year earlier

  • Company reduced leverage via $200 mln term loan repayment and lower interest rate


Outlook

  • GMR Solutions raises 2026 net revenue guidance to $5.9 bln-$6.05 bln

  • Company lifts 2026 adj EBITDA outlook to $1.135 bln-$1.195 bln

  • GMR expects 2026 capital expenditures and aircraft financing at 5.2%-5.4% of net revenue


Result Drivers

  • CORE EMERGENT SERVICES - Co said growth in core emergent services helped drive Q3 results

  • REVENUE PER TRANSPORT - Co cited continued improvement in revenue per transport as a driver of Q3 performance

  • NURSE NAVIGATION MOMENTUM - Co said momentum in Nurse Navigation contributed to results


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$1.60 bln

Q3 Net Income

$135.56 mln

Q3 Adjusted EBITDA

$356.56 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the healthcare facilities & services peer group is "buy"

  • Wall Street's median 12-month price target for GMR Solutions Inc is $18.00, about 44.7% above its November 6 closing price of $12.44

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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