Concentra Group Holdings Parent (CON) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 increased 10.0% year-over-year to $606.0 million, driven by organic growth and acquisitions.

• Net income attributable to the company rose 46.6% to $65.3 million for the quarter, with EPS of $0.51.

• Adjusted EBITDA margin improved to 23.3% from 20.9% in the prior year quarter.

• Announced leadership transition: Matt DiCanio to become president and CEO, Keith Newton to executive chairman, effective Nov. 1, 2026.

• Declared a cash dividend of $0.0625 per share, payable August 28, 2026.

Financial highlights

• Q2 2026 revenue: $606.0 million (up 10.0% year-over-year); six-month revenue: $1,175.6 million (up 11.8%).

• Net income attributable to the company: $65.3 million for Q2 (up from $44.6 million); $115.8 million for six months (up from $83.5 million).

• Adjusted EBITDA: $140.9 million for Q2 (23.3% margin), up 22.5% year-over-year; $261.6 million for six months (22.3% margin).

• Free cash flow for six months: $130.9 million, up from $59.1 million year-over-year; Q2 free cash flow: $121.0 million, up 91.6%.

• Cash at period end: $158.0 million; net leverage ratio: 2.99x.

Outlook and guidance

• Raised FY 2026 guidance: revenue $2.325–$2.375 billion, Adjusted EBITDA $485–$495 million.

• Free cash flow expected at $220–$240 million; capital expenditures $70–$80 million.

• Net leverage ratio expected to remain below 3.0x.

• Sufficient liquidity and borrowing capacity to support operations and growth initiatives.

• No formal changes to risk factors or guidance disclosed for the remainder of 2026.