earnings
confidence high
sentiment negative
materiality 0.80
UHS Q1 adjusted EPS $2.15 vs $2.44 YoY; revenue up 9.3% to $3.293B
UNIVERSAL HEALTH SERVICES INC
2022-Q1 EPS reported
$2.02
revenue$3,292,956,000
- Reported net income $153.9M ($2.02 diluted) vs $209.1M ($2.43) in Q1 2021; adjusted net income $163.5M ($2.15).
- Acute care same-facility revenue +9.7%, adjusted admissions +5.7%; behavioral revenue +3.8%, admissions -1.9%.
- Labor costs elevated due to nurse/staff shortage; behavioral volumes limited; COVID-19 Omicron impact declining late Q1.
- Operating cash flow surged to $445M from $72M, driven by Medicare accelerated payment repayments.
- Repurchased 2.65M shares for $350.2M; $1.41B repurchase authorization remains; 2022 forecast unchanged but may be reduced.