earnings
confidence high
sentiment positive
materiality 0.65
NHC Q2 2023 GAAP EPS $1.06 vs $0.21 YoY; adjusted EPS $0.89 vs $0.46
NATIONAL HEALTHCARE CORP
2023-Q2 EPS reported
$1.83
revenue$552,145,000
- Net revenue and grant income $282.6M, up 4.1% YoY; same-facility revenue up 11.5%.
- GAAP net income attributable to NHC $16.3M ($1.06 diluted EPS) vs $3.2M ($0.21).
- Adjusted net income $13.7M ($0.89 EPS) vs $7.2M ($0.46), driven by occupancy gains and lower agency staffing costs.
- Skilled nursing per diem increases from government payors contributed to earnings improvement.
- No guidance changes were announced in the press release.