Concentra Group Holdings Parent, Inc. (CON) Earnings
Concentra Group Holdings Parent, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.42. CON has beaten EPS estimates in 5 of its last 7 reported quarters (average surprise +10.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $0.35 | $0.40 | +14.3% | $570M | +2.9% |
| Feb 27, 2026 | $0.23 | $0.28 | +23.5% | $539M | +1.3% |
| Nov 6, 2025 | $0.37 | $0.39 | +5.4% | $573M | +7.7% |
| Aug 7, 2025 | $0.37 | $0.37 | +0.0% | $551M | +2.5% |
| Mar 3, 2025 | $0.16 | $0.17 | +6.3% | $465M | -4.4% |
| Oct 31, 2024 | $0.36 | $0.37 | +2.8% | $490M | -0.6% |
| Jul 26, 2024 | $0.50 | $0.41 | -17.9% | $478M | +0.9% |
| Mar 30, 2024 | — | $0.39 | — | $468M | — |
| Dec 31, 2023 | — | $-0.19 | — | $441M | — |
| Sep 30, 2023 | — | $0.42 | — | $474M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 8, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Strong Q1 performance with revenue growth, visit increases, and adjusted EBITDA up. - Completed integrations of NOVA and Pivot acquisitions, ahead of synergies and transaction multiple goals. - Added centers via acquisition and de novo, with plans to open 8-10 de novo centers this year. - Recognized retirement of Chief Medical Officer Dr. John Anderson, with transition plans in place. - Discussed expenses, cash flows, and dividend declaration. - On-site health clinics segment has strong growth and large market opportunity.
Guidance
- Revised 2026 revenue target range to $2.275 billion to $2.375 billion (increased by $25M). - Adjusted EBITDA range revised to $460 million to $480 million (increased by $10M). - Free cash flow target range revised to 215 to 235 million (low end up 15M, high end up 10M). - CapEx range unchanged at $70 to $80 million. - Expect net leverage to end below three times.
Segment performance
Total company revenue was $569.6 million in Q1 2026, up 13.7% y-o-y. Excluding acquisitions, revenue was $520.3 million, up 6.3%. Total patient visits increased 6.7%. Occupational health operating segment: revenue $519.9M (+9.9% y-o-y), visits per day +6.7%, revenue per visit +3.1%. Workers' compensation revenue $337.7M (+11.8% y-o-y), visits per day +9.6%, revenue per visit +2%. Employer services revenue $172.4M (+7.6% y-o-y), visits per day +4.8%, revenue per visit +2.7%. Excluding NOVA, occupational health center operating segment revenue $487.8M (+5.7% y-o-y), visits per day +2.9%, revenue per visit +2.7%. Work comp revenue $317.8M (+7.5% y-o-y), visits per day +6.2%, revenue per visit +1.3%. Employer services revenue $160.7M (+3.2% y-o-y), visits per day +0.7%, revenue per visit +2.4%. On-site health clinics operating segment: revenue $37.2M (+125% y-o-y), largely due to Pivot acquisition; excluding acquisition, +20.9% y-o-y. Other businesses: $12.5M (+10.4% y-o-y).
Analyst Q&A
Q: Depending on who you look at, you'd be consensus-adjusted EBITDA estimates by 10 to 11%. What was your internal beat versus what consensus was, and what surprised you the most on the upside beat?
A: Matt said work comp visits and cost of services and cost control were main drivers.
Q: Was weather actually a positive impact in the quarter? And if it was, can you quantify how much it was?
A: Keith said weather was net positive, with mild winter in 2025 leading to more slips and falls in 2026, but couldn't quantify exactly.
Q: Justin Bowers asked about economic activity based on customers and prospecting and correlation with BLS and JOLTS data.
A: Keith said economic activity starting to accelerate, total employment growing, blue collar up, and work comp indicative of total employment.
Q: Ben Hendricks asked on free cash flow guidance.
A: Matt said raised free cash flow guidance along with EBITDA, CapEx between $70M and $80M.
Q: Stephen Baxter asked on rate side in workers' comp.
A: Matt said revenue per visit up 3.1%, California rate took effect March 1, on track for 3% or higher.
Q: Joanna Gajuk asked on New York rates and expansion.
A: Matt said no new update on New York rates, anticipate this year, can move quickly on expansion.
Q: Benjamin Rossi asked on workers' comp rate shift and other step-ups.
A: Matt said ~75-80% of workers' comp fee schedule adjustments in first quarter, Tennessee in second quarter, others throughout year.
Q: Benjamin Rossi asked on on-site health clinics opportunities.
A: Matt said all of the above, focused on advanced primary care, internal organic growth, and expanding existing.