earnings
confidence high
sentiment negative
materiality 0.70
Tenet Q2 net income falls 68% to $38M; adjusted EBITDA up 1% to $843M
TENET HEALTHCARE CORP
2022-Q2 EPS reported
$1.64
revenue$9,383,000,000
- Net income from continuing ops $38M ($0.35 EPS) vs $120M ($1.11) in Q2'21.
- Adjusted EBITDA $843M (+1% YoY); Adjusted diluted EPS $1.50 vs $1.59.
- Cybersecurity incident drove same-hospital adjusted admissions down 5.3% YoY.
- Acquired remaining 5% of USPI for $406M; now owns 100% of USPI voting stock.
- Reaffirmed FY 2022 Adjusted EBITDA outlook of $3.375B-$3.575B.