Apria Profit Grows in First Report After IPO

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Indianapolis-based Apria Inc. (Nasdaq: APR) is reporting full-year net income of $46.1 million in 2020, up from $15.6 million the previous year. The earnings report is the first for the company, which provides integrated home healthcare equipment and services, since going public in February.

Chief Executive Officer Dan Starck says the company closed out the year with “solid financial results” that exceeded expectations.

“Despite the challenges presented by the ongoing pandemic, the team worked diligently to ensure we were able to handle the increased demand for oxygen therapy and to help reduce the pressure on overburdened hospitals,” Starck said in a news release. “Looking ahead to 2021, while there is uncertainty surrounding the duration of the COVID-19 public health emergency, we are confident in our ability to achieve our 2021 guidance. We are focused on continued operational execution, delivering growth, and leveraging our technology to drive further efficiencies.”

Apria is also reporting fourth quarter net income of $25.9 million, up from $5.8 million during the same period in 2019.

You can view the full earnings report by clicking here.