secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTHCARE CORP (NHC)
CIK:        0001047335
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001437749-23-012716
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923012716/0001437749-23-012716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047335/000143774923012716/nhc20230504_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer