earnings
confidence medium
sentiment negative
materiality 0.65
Community Health Systems Q3 net loss widens to $391M; same-store revenue up 5.1%
COMMUNITY HEALTH SYSTEMS INC
2024-Q3 EPS reported
-$3.38
revenue$9,369,000,000
- Net loss attributable to shareholders $(391)M ($2.95 per diluted share) vs $(91)M in Q3 2023; adjusted loss per share $(0.30) vs $(0.33).
- Adjusted EBITDA $347M vs $360M in prior year; net operating revenues $3.09B (+0.1% total, +5.1% same-store).
- Same-store admissions +2.4%, adjusted admissions +2.6%; total admissions -4.1% reflecting divestitures.
- Hurricane Helene caused ~$7M pre-tax loss in Q3; expects insurance to cover substantially all costs.
- Extinguished $143M of 5.625% Senior Secured Notes due 2027 via open market repurchases using cash.