earnings
confidence high
sentiment negative
materiality 0.85
Community Health Systems Q3 net loss $(0.32)/share; revenue down 2.9% to $3.025B
COMMUNITY HEALTH SYSTEMS INC
2022-Q3 EPS reported
-$2.86
revenue$9,069,000,000
- Net loss of $(42)M ($0.32 diluted) vs net income of $111M ($0.85) in Q3 2021; adjusted loss $(0.52)/share.
- Revenue $3.025B, down 2.9% YoY; same-store admissions -2.2%, adjusted admissions +5.2%.
- Adjusted EBITDA $400M, including $115M pandemic relief funds; prior year $482M with $19M relief.
- Extinguished ~$267M notes via open market repurchases; recognized $78M pre-tax gain.
- Hurricane Ian estimated $10M pre-tax impact; expects to update in Q4; received $121M from HPG/CoreTrust sale.