earnings
confidence high
sentiment positive
materiality 0.85
Tenet Q3 adj EPS $1.44; raises FY 2023 EBITDA outlook to $3.365-3.465B
TENET HEALTHCARE CORP
2023-Q3 EPS reported
$3.41
revenue$15,169,000,000
- Net income $101M ($0.94 GAAP); adjusted diluted EPS $1.44 vs $1.42 YoY.
- Revenue $5,066M (+5.5% YoY); consolidated Adj. EBITDA $854M (+$13M YoY).
- Ambulatory Care Adj. EBITDA $370M (+16.0% YoY); same-facility surgical cases +4.1%.
- FY 2023 Adj. EBITDA outlook raised to $3.365-3.465B; free cash flow $327M in Q3.
- Repurchased 1.5M shares for $90M in nine months; net debt/EBITDA 4.08x.