GMR Solutions Q3 net income jumps on core emergent services growth
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
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(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.)