ModivCare Inc. (NASDAQ:MODV) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET
Company Participants
Kevin Ellich - Head, IR
Heath Sampson - President, Chief Executive Officer and Chief Financial Officer
Kenneth Shepard - CFO of Mobility
Scott Kern - CFO of Home
Conference Call Participants
Brian Tanquilut - Jefferies
Peter Lukas - CJS Securities
Brooks O'Neil - Lake Street Capital
Scott Fidel - Stephens Inc.
Kieran Ryan - Deutsche Bank
Michael Petusky - Barrington Research
Operator
Good morning and welcome to ModivCare's Fourth Quarter and Full Year 2022 Financial Results Conference Call. [Operator Instructions] Please note that this conference is being recorded.
I will now turn the call over to Kevin Ellich, Head of Investor Relations. Thank you, please go ahead.
Kevin Ellich
Good morning and thank you for joining ModivCare's fourth quarter and full year 2022 earnings conference call and webcast. Joining me today is Heath Sampson, ModivCare's President, Chief Executive Officer, and Chief Financial Officer; Ken Shepard, CFO of Mobility; and Scott Kern, CFO of Home.
Before we get started, I want to remind everyone that during today's call, management will make forward-looking statements under the Private Securities Litigation Reform Act. These statements involve risks, uncertainties and other factors that may cause actual results or events to differ materially from expectations. Information regarding these factors is contained in today's press release and in the company's filings with the SEC. We will also discuss non-GAAP financial measures to provide additional information to investors. A definition of these non-GAAP financial measures and to the extent applicable a reconciliation to the most directly comparable GAAP financial measures is included in our press release and Form 8-K. A replay of this conference call will be available approximately 1 hour after today's call concludes and will be posted on our website, modivcare.com.
This morning, Heath Sampson will begin with opening remarks. Then he will provide an update on our business strategy and review highlights of fourth quarter and full year 2022 results. Ken Shepard will review our financial results and outlook for 2023. Then we will open the call for questions.
With that I'll turn the call over to Heath.
Heath Sampson
Hello everyone and a warm welcome to our fourth quarter and full year 2022 earnings call. Today we reported strong full year 2022 results with revenue and adjusted EBITDA exceeding the high end of our guidance ranges. These results were driven by solid growth in our mobility business and a double digit growth from our Home division, which includes personal care services and remote patient monitoring.