secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL HEALTH SERVICES INC (UHS)
CIK:        0000352915
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001564590-22-015520
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UHS Q1 adjusted EPS $2.15 vs $2.44 YoY; revenue up 9.3% to $3.293B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/352915/000156459022015520/0001564590-22-015520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/352915/000156459022015520/uhs-8k_20220425.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-015520

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