---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012716"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T15:40:31.802740+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NHC Q1 2023 GAAP EPS $0.76, adjusted EPS $0.79; revenue down 3.4% on lower stimulus

## Summary
- GAAP net income $11.7M ($0.76 diluted EPS); adjusted net income $12.1M ($0.79 adjusted EPS).
- Net revenues + grant income $269.6M, down 3.4% YoY due to $10.6M less government stimulus income.
- Same-facility net revenues (excl. stimulus and exited facilities) rose 7.1% YoY.
- Exited seven skilled nursing facilities in MA/NH during Q3 2022, affecting revenue comparisons.

## SEC filing metadata
- accession: 0001437749-23-012716
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774923012716/0001437749-23-012716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774923012716/nhc20230504_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012716
- JSON: https://secwatch.observer/filing/0001437749-23-012716.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012716.txt

## Key facts
- Earnings Releases
  NATIONAL HEALTHCARE CORP reported the quarter ended March 31, 2023 results: revenue $269,563,000, net income $11,723,000, EPS $0.76.
  - Period: the quarter ended March 31, 2023
  - Revenue: $269,563,000
  - Net income: $11,723,000
  - EPS: $0.76
  - Result: reported results
  source text: NHC Reports First Quarter 2023 Earnings MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE American: NHC ), the nation's oldest publicly traded senior health care company, announced today net operating revenues and grant income for the quarter ended March 31, 2023 totaled $269,563,000 compared to $278,983,000 for the quarter ended March 31, 2022, a decrease of 3.4%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774923012716/0001437749-23-012716-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.