Concentra Q2 Revenue Jumps 10%, Raises FY Guidance, Names New CEO
CON sits 65% above its 52-week low of $18.545.
Summary
Concentra delivered a strong Q2: revenue up 10% to $606M, net income up 46% to $67.3M, and Adjusted EBITDA up 22.5% to $140.9M. EPS hit $0.51, beating the prior year by $0.16. The company raised full-year 2026 guidance, signaling confidence in continued momentum. In a planned succession, CFO Matt DiCanio will become CEO on November 1, with current CEO Keith Newton moving to Executive Chairman and Chairman Robert Ortenzio stepping down from that role but remaining a director. Free cash flow nearly doubled to $121M, and the company continued buybacks, repurchasing $11M in shares. The balance sheet remains manageable with leverage at 2.99x. The revenue increase was driven by organic growth and acquisitions.
At the time of this announcement, CON was trading at $30.54 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $18.55 to $32.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.