AdaptHealth Corp. (NASDAQ:AHCO) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET
Company Participants
Chris Joyce - General Counsel
Richard Barasch - Chairman
Steve Griggs - Chief Executive Officer
Josh Parnes - President
Jason Clemens - Chief Financial Officer
Conference Call Participants
Brian Tanquilut – Jefferies
Kevin Caliendo - UBS
Philip Chickering - Deutsche Bank
Joanna Gajuk - Bank of America
Richard Close - Canaccord
Operator
Good day, everyone and welcome to today's AdaptHealth 1Q 2023 Earnings Release. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions]. Please note this call may be recorded. [Operator Instructions].
It is now my pleasure to turn the conference over to Chris Joyce, General Counsel.
Chris Joyce
Thank you, operator. I'd like to welcome everyone to today's AdaptHealth Corp. conference call for the first quarter ended March 31, 2023. Everyone should have received a copy of our earnings release yesterday evening. If not, I'd like to highlight that the earnings release as well as a supplemental slide presentation regarding Q1 2023 results is posted on the Investor Relations section of our website.
In a moment, we'll have some prepared comments from Richard Barasch, Chair of AdaptHealth; Steve Griggs, Chief Executive Officer of AdaptHealth; Josh Parnes, President of AdaptHealth; and Jason Clemens, Chief Financial Officer of AdaptHealth. We will then open the call for questions.
Before we begin, I'd like to remind everyone that statements included in this conference call and in our press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements include, but are not limited to comments regarding our financial results for 2023 and beyond.
Actual results could differ materially from those projected in forward-looking statements because of a number of risk factors and uncertainties, which are discussed at length in our annual and quarterly SEC filings. AdaptHealth Corp. shall have no obligation to update the information provided on this call to reflect such subsequent events.
Additionally, on this morning's call, we’ll reference certain financial measures such as EBITDA, adjusted EBITDA and free cash flow all of which are non-GAAP financial measures. This morning's call is being recorded and a replay of the call will be available later today.
I'm now pleased to introduce the Chair of AdaptHealth's Board of Directors, Richard Barasch.
Richard Barasch
Good morning, everyone. Thanks for joining us on our first quarter conference call. As you know this morning, we announced that Steve Griggs will step down as CEO of AdaptHealth as of June 30, 2023. He will be leaving the company in sound financial condition and much improved operational shape. Further, AdaptHealth is blessed with a high-quality senior leadership team that will continue to lead the company forward in the areas we will be discussing today.