earnings
confidence high
sentiment positive
materiality 0.70
Surgery Partners Q4 2021 Adj. EBITDA $114.4M, raises 2022 guidance
Surgery Partners, Inc.
2021-FY EPS reported
-$1.12
revenue$2,225,100,000
- Q4 2021 revenue $610.2M (+11.3% YoY); net loss $0.1M; Adj. EBITDA $114.4M (+26.0%, incl. $11.6M CARES grants).
- Full-year 2021 revenue $2.225B (+19.6% YoY); Adj. EBITDA $339.6M (+32.3%, incl. $25.3M CARES grants).
- Days adjusted same-facility revenue +9.6% in Q4; case volume +4.2%. Full-year same-facility revenue +18.1%.
- 2022 guidance: revenue at least $2.5B (+12% YoY); Adj. EBITDA $370-380M, raised from prior outlook.
- Cash $389.9M at Dec. 31; total net debt/EBITDA leverage 5.58x; capital deployment target at least $200M annually.