earnings
confidence high
sentiment neutral
materiality 0.70
Tenet Q3 net income $131M, adj EPS $1.44; announces $1B buyback; FY22 EBITDA outlook narrowed
TENET HEALTHCARE CORP
2022-Q3 EPS reported
$2.82
revenue$14,184,000,000
- Q3 net income from continuing ops $131M ($1.16 diluted EPS); adjusted diluted EPS $1.44.
- Consolidated Adj. EBITDA $841M vs $855M in Q3 2021; USPI (ambulatory) EBITDA up 16.4% to $319M.
- Board authorized $1B share repurchase program expiring Dec 31, 2024.
- FY2022 Adj. EBITDA outlook revised to $3.375-$3.475B, ~1% change at midpoint.
- Repaid $880M Medicare advances; free cash flow $190M in 9 months (excl. advances $1.07B).