secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000070318-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q1 adj EPS $3.22 beats; revenue $5.37B; raises FY2024 EBITDA outlook to $3.5-3.7B
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- Q1 net income $2.15B ($21.38 diluted) includes $1.86B after-tax gain from hospital sales; adjusted diluted EPS $3.22.
- Consolidated revenue $5.37B (+6.9% YoY); Adjusted EBITDA $1.02B (+23.1% YoY).
- Ambulatory segment Adjusted EBITDA $394M (+15.9% YoY); Hospital segment Adjusted EBITDA $630M (+28.0% YoY).
- FY2024 Adjusted EBITDA outlook raised by $215M to $3.50-$3.70B; Q2 guidance: $835-$885M.
- Repurchased 2.8M shares for $278M; retired $2.1B of 4.875% notes due 2026, reducing annual cash interest by $102M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000030/0000070318-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000030/thc-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000070318-24-000030

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