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Almost Family expects disruption from hurricanes Irma, Harvey to hit Q3 earnings

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Almost Family expects disruption from hurricanes Irma, Harvey to hit Q3 earnings

Almost Family Inc. expects disruptions related to hurricanes Irma and Harvey to impact its third-quarter earnings.

The company said it could see reduced income before income taxes and earnings before interest, income and franchise taxes, depreciation and amortization, amortization of stock-based compensation, deal, transition and other between $3.0 million and $3.5 million in the third quarter.

The hurricanes impacted business primarily in Florida, Georgia and Texas, which together provided nearly one-fourth of the home healthcare services provider's revenues in the first half of 2017.

Irma resulted in a substantial period of disruption at all of the company's 66 Florida operating locations, including two in Key West, along with interruptions in Georgia and Harvey-hit Texas.

Almost Family added that since the disruptions occurred near the end of the third quarter, they could also have some residual effect on fourth-quarter results.