Tenet Q4 net income $244M, adj EBITDA $1.012B (+12.8% YoY); 2024 outlook $3.285-3.485B adj EBITDA

TENET HEALTHCARE CORP

2023-FY EPS reported $5.71 revenue$20,548,000,000

Q4 GAAP diluted EPS $2.30 vs $0.92 YoY; adjusted diluted EPS $2.68 vs $1.96.
Ambulatory Care adj EBITDA $464M (+14.0% YoY) on 3.9% same-facility surgical case growth.
Completed sale of three SC hospitals to Novant Health for ~$2.4B on Feb 1; signed deal to sell four CA hospitals to UCI Health for ~$975M.
FY 2024 outlook: adj EBITDA $3.285B-$3.485B; net rev $19.9B-$20.3B; adj EPS $5.76-$6.90.
Q4 hospital segment adj EBITDA excl. grant income $546M vs $450M YoY; same-hospital non-COVID admissions +2.6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TENET HEALTHCARE CORP reported the quarter ended December 31, 2023 results: revenue $5,379, net income $244 million, EPS $2.30 per diluted share. Guidance raised.

Period: the quarter ended December 31, 2023
Revenue: $5,379
Net income: $244 million
EPS: $2.30 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

2022 are as follows: Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions, except per share results) 2023 2022 2023 2022 Net operating revenues $5,379 $4,990 $20,548 $19,174 Net income available to Tenet common shareholders from continuing operations $244 $102 $611 $410 Net income available to Tenet common shareholders from

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TENET HEALTHCARE CORP reported the year ended December 31, 2023 results: revenue $20,548, net income $611 million, EPS $5.71 per diluted share. Guidance raised.

Period: the year ended December 31, 2023
Revenue: $20,548
Net income: $611 million
EPS: $5.71 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

as follows: Three Months Ended December 31, Twelve Months Ended December 31, ($ in millions, except per share results) 2023 2022 2023 2022 Net operating revenues $5,379 $4,990 $20,548 $19,174 Net income available to Tenet common shareholders from continuing operations $244 $102 $611 $410 Net income available to Tenet common shareholders from continuing

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

TENET HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0000070318-24-000011

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