AdaptHealth Corp. (NASDAQ:AHCO) Q1 2022 Results Earnings Conference Call May 10, 2022 8:30 AM ET
Company Participants
Christopher Joyce - General Counsel
Stephen Griggs - CEO
Joshua Parnes - President
Jason Clemens - CFO
Conference Call Participants
Brian Tanquilut - Jefferies
Joanna Gajuk - BofA Securities
Andrea Alfonso - UBS
Philip Chickering - Deutsche Bank
Mathew Blackman - Stifel
Whit Mayo - SVB Leerink
Eric Coldwell - Robert W. Baird
Operator
Greetings, and welcome to the AdaptHealth First Quarter 2022 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Chris Joyce. Thank you, Chris. You may begin.
Christopher Joyce
Thank you, operator. I'd like to welcome everyone to today's AdaptHealth Corp. conference call for the first quarter ended March 31, 2022. Everyone should have received a copy of our earnings release earlier this morning. If not, I'd like to highlight that the earnings release as well as the supplemental slide presentation regarding Q1 2022 results is posted on the Investor Relations section of our website.
In a moment, we'll have some prepared comments from Steve Griggs, Chief Executive Officer of AdaptHealth; Josh Parnes, President of AdaptHealth; and Jason Clemens, Chief Financial Officer of AdaptHealth. We'll 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 2022 and beyond.
Actual results could differ materially from those projected in forward-looking statements because of the 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 our Chief Executive Officer, Steve Griggs.
Stephen Griggs
Thank you, Chris. Good morning, everyone, and thank you for joining us as we review our results for the quarter ended March 31, 2022. We are very pleased with our strong start to 2022 and the excellent performance of our 10,910 employees. Our revenues of $706 million reflected an organic growth rate of 3.7%, which improved approximately 100 basis points from the fourth quarter of 2021.