Lafayette-based companies LHC Group and Waitr released their first quarter financial results recently, showing how two of the companies most important to Acadiana’s economy have fared in early 2021. Many of the other companies based in Lafayette, such as Stuller, Acadian and SCP Health, are private and are not required to release quarterly financial information to the U.S. Securities and Exchange Commission. Below is a breakdown of how some of the public companies in Lafayette have performed through the first three months of 2021. LHC Group LHC Group, the Lafayette-based home health company, posted a profit of $34.7 million for the first quarter of 2021, the company said in a news release. The profit includes about $12 million in COVID-19 costs and expenses for personal protective equipment, supplies and employee-related costs. LHC Group’s quality and patient satisfaction scores exceed the national average, the company said in the release.  “This is a year of great opportunity for LHC Group,” said LHC Group Chairman and CEO Keith Myers in a release. “We are also benefiting from an improved legislative and regulatory outlook as legislative initiatives from Congress, innovation from CMS and stated budget and stimulus priorities of the Biden Administration are all emphasizing the need for at home care.”  Waitr Lafayette-based food delivery service Waitr posted a net loss of $3.7 million in the first quarter of 2021, ending its streak of profitable quarters. In a news release, Waitr said the loss included $5.1 million in losses that the company considers to be one-time occurrences. In the first quarter of 2020, the company posted a loss of $2.1 million. “We are pleased with our financial results for the first quarter of 2021, as we continued to grow our revenue and generate positive operating cash flow,” said Carl Grimstad, chairman and CEO of Waitr, in a press release. At the end of the first quarter, the company reported it had an average of 37,627 orders each day and around 2 million active diners. Waitr had a profit of $2.6 million in the fourth quarter of 2020, and a profit of $4.6 million in the third quarter. The second quarter of 2020 saw Waitr post its first profitable quarter since going public, recording a profit of $10.7 million. More:Waitr expands to Ville Platte First Horizon While not based in Lafayette, First Horizon — the company that purchased the Lafayette-based IBERIABANK — posted a first quarter profit of $225 million, according to a press release. The Tennessee-based bank said its profits were reduced by $60 million, largely due to the merger with IBERIABANK. The company’s CEO said in a release that the merger saved the company $76 million in the first quarter. “Our balanced business model and countercyclical businesses continued to perform well in the first quarter,” said President and CEO Bryan Jordan in a release. “Credit quality improved, and our expense discipline resulted in incremental cost savings. Merger integration efforts are going well, and I am proud of our associates’ unwavering support of our clients and communities.

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