earnings
confidence high
sentiment positive
materiality 0.70
Surgery Partners Q2 revenue up 13.3% to $615.4M; Adj EBITDA up 13.4% to $86.1M
Surgery Partners, Inc.
2022-Q2 EPS reported
-$0.07
revenue$1,211,600,000
- Revenue $615.4M vs $543.3M; net loss $18.4M vs $26.9M in prior year quarter.
- Days adjusted same-facility revenues up 6.9%; cases +1.9%, revenue per case +4.9%.
- Adj EBITDA ex-CARES grants up 17.8% to $86.0M; margin 14.0%.
- 2022 guidance reaffirmed: revenue $2.5-2.6B, Adj EBITDA $375-385M.
- Deployed ~$90M in six acquisitions at ~7x average multiple; liquidity $227.4M cash plus $203M revolver.