07:17 AM EST, 03/08/2024 (MT Newswires) -- Extendicare ( EXETF ) overnight Thursday said that it swung to fourth-quarter net earnings of $8.6 million, or $0.10 per diluted share, from a loss of $1.7 million, or $0.02 per share, a year earlier.

Adjusted funds from operations for the quarter ended Dec. 31, 2023, were $19.1 million, or $0.21 per diluted share, up from $1.9 million, or $0.02 per diluted share, a year ago.

A sole analyst polled by Capital IQ expected $0.14.

Revenue for the quarter was $350.2 million, up from $310.4 million a year earlier. A sole analyst surveyed by Capital IQ expected $331.2 million.

Adjusted EBITDA for Q4 was $28.7 million, up from $9.2 million a year earlier.

The company's board declared a cash dividend of $0.04 per share for March. The dividend is payable on April 15 to shareholders of record at the close of business on March 29.