secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000070318-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q2 Net Income $259M, Adj EPS $2.31; Raises FY 2024 EBITDA, FCF Outlook
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- Q2 net income $259M ($2.64 diluted EPS), up from $123M ($1.15) YoY; adjusted EPS $2.31.
- Consolidated Adjusted EBITDA $945M (+12.1% YoY); Ambulatory Care EBITDA $447M (+20.8%).
- New $1.5B share repurchase authorization; completed prior $1B program with 4.8M shares bought in H1 2024.
- FY 2024 Adjusted EBITDA guidance raised to $3.825-3.975B (+$300M); FCF outlook raised to $1.1-1.35B (+$150M).
- Same-hospital admissions up 5.2% vs Q2 2023; same-facility ambulatory surgical cases +0.2% with net rev/case +6.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000037/0000070318-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000037/thc-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000070318-24-000037

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