LHC Group, a Lafayette-based home health and hospice provider, earned $6.3 million in the third quarter, or 36 cents per share, compared to a $38 million loss, or $2.08 per share, in the comparable quarter last year. Last year’s third quarter loss included a $45 million after-tax charge related to the company’s settlement with the Department of Justice over a whistleblower lawsuit.

For the nine months ended Sept. 30, the company earned $20 million, compared with a net loss last year of $20.5 million (which included the after-tax charge from the lawsuit).

Net service revenue for the third quarter this year was $158.9 million, compared with $153.4 million for the same period in 2011. The 2012 amount includes a $505,000 benefit from a lower tax rate due to Work Opportunity Tax Credits ($0.03 per share), and $390,000 after tax expense associated with an intangibles impairment charge ($0.02 per share).

The company estimates that it lost revenues of $571,000 ($321,000 after tax) in the third quarter of 2012 due to Hurricane Isaac.

Keith G. Myers, LHC Group’s chairman and CEO, said the company continues to demonstrate its proven ability to operate efficiently and effectively, posting solid operating results despite the significant impact of Hurricane Isaac and ongoing uncertainties in the regulatory environment.

“Like residents all along the Gulf Coast, LHC Group grappled with many short-term challenges from Hurricane Isaac,” Myers said in announcing the third quarter results. “This slow-moving storm affected 85 of our locations for an extended period.”

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.65 0.00 (0.00%)
o Frank's International 19.05 ▼0.07 (-0.37%)
o IberiaBank Corp 65.97 ▼0.84 (-1.26%)
o LHC Group 23.14 ▼0.41 (-1.74%)
o MidSouth Bancorp 19.27 ▼0.05 (-0.26%)
o Petroquest Energy 5.53 ▼0.21 (-3.66%)
o PHI Inc. 43.60 0.00 (0.00%)
o Superior Energy 32.84 ▼0.66 (-1.97%)
o Stone Energy 30.19 ▼1.09 (-3.48%)
o Facebook Inc. 76.80 ▼1.11 (-1.42%)
o Twitter Inc. 51.94 ▼1.06 (-2.00%)
o Gannett 31.81 ▼0.55 (-1.70%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.65 Trade time:3:59PM EDT Value change:0.00 (0.00%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:19.05 Trade time:4:01PM EDT Value change:▼0.07 (-0.37%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:65.97 Trade time:4:00PM EDT Value change:▼0.84 (-1.26%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.14 Trade time:4:00PM EDT Value change:▼0.41 (-1.74%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.27 Trade time:4:01PM EDT Value change:▼0.05 (-0.26%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:5.53 Trade time:4:01PM EDT Value change:▼0.21 (-3.66%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:43.60 Trade time:4:00PM EDT Value change:0.00 (0.00%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:32.84 Trade time:4:04PM EDT Value change:▼0.66 (-1.97%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:30.19 Trade time:4:01PM EDT Value change:▼1.09 (-3.48%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:76.80 Trade time:4:00PM EDT Value change:▼1.11 (-1.42%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:51.94 Trade time:4:01PM EDT Value change:▼1.06 (-2.00%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:31.81 Trade time:4:04PM EDT Value change:▼0.55 (-1.70%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement