American Renal Associates Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Withdraws Earnings Guidance for the Year 2020
American Renal Associates Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported operating income of $3,241,000 against $2,625,000 a year ago. Net loss was $2,328,000 or $0.23 per basic and diluted share against $5,145,000 or $0.35 per basic and diluted share a year ago. Patient service operating Revenue was $193,182,000 against $191,762,000 a year ago.
The company announced that given the likelihood of significant variability in the impact of COVID-19 and other factors, the Company is withdrawing other previously issued 2020 additional detail related to its outlook.