NHC reports Q3 2023 GAAP net income $10.4M vs loss $2.4M a year ago; adjusted EPS $0.86

NATIONAL HEALTHCARE CORP

2023-Q3 EPS reported $2.50 revenue$840,630,000

Net operating revenues + grant income $288.5M, up 6.5% YoY; same-facility revenues up 11.8% excluding ceased operations.
GAAP diluted EPS $0.68 vs $(0.16); adjusted diluted EPS $0.86 vs $0.50.
Occupancy gains in skilled nursing and assisted living, government payor per diem increases, and reduced agency staffing costs drove improvement.
Adjusted net income $13.3M vs $7.8M in Q3 2022; no forward guidance provided.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NATIONAL HEALTHCARE CORP reported the quarter ended September 30, 2023 results: revenue $288,485,000, net income $10,388,000, EPS $0.68.

Period: the quarter ended September 30, 2023
Revenue: $288,485,000
Net income: $10,388,000
EPS: $0.68
Result: reported results

Exact text from the filing

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 September 30, 2023 totaled $288,485,000 compared to $270,843,000 for the quarter ended September 30, 2022, an increase of 6.5%.

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Source: SEC EDGAR

accession 0001437749-23-030139

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