secwatch.observer — SEC 8-K summary
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Issuer:     TENET HEALTHCARE CORP (THC)
CIK:        0000070318
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000070318-24-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tenet Q3 adj. EPS $2.93 beats; raises FY24 EBITDA outlook to $3.9B-$4.0B
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- Q3 net income $472M ($4.89 diluted) includes $2.16 gain from hospital divestiture; adj. EPS $2.93.
- Consolidated Adj. EBITDA $978M (+14.5% YoY); Ambulatory segment Adj. EBITDA $439M (+18.6%).
- FY2024 Adj. EBITDA guidance raised by $50M to $3.9B-$4.0B; net operating rev. guidance $20.6B-$20.8B.
- Free cash flow for 9 months $1.777B; share repurchases $672M YTD; net debt/EBITDA improved to 2.22x.
- Completed sale of 70% stake in Brookwood Baptist Health (5 AL hospitals) to Orlando Health in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000049/0000070318-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70318/000007031824000049/thc-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000070318-24-000049

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