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Revenue Up 31% for Newly Public Agiliti | Twin Cities Business


For the first quarter, its sales were up a robust 31.2 percent compared to 2020. The company also posted net earnings of $9.6 million, compared to a loss of $12.6 million for the first quarter of 2020. Agiliti also provided guidance that it expects its full-year revenue to be in the range of $950-$975 million.
According to its first quarter filing with the U.S. Securities and Exchange Commission, Agiliti netted approximately $397.4 million through the IPO after deducting underwriting discounts and commissions as well as offering expenses.
Agiliti manages medical equipment for a wide range of hospitals and other health care providers. The company started operating in 1939 as the ABC Oxygen Tent Rental Co. Long known as Universal Hospital Services Inc., the company changed its name to Agiliti in 2018. ....

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