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Sep 30, 2022
NRC Q3 2022 Earnings Report
NRC Health's revenue remained approximately flat, while net income and diluted earnings per share decreased compared to the same quarter in 2021.
Key Takeaways
NRC Health reported flat revenue and decreased net income and diluted earnings per share for the third quarter of 2022. Revenue was $37.7 million, net income was $8.3 million, and diluted earnings per share was $0.33.
Revenue remained approximately flat compared to the 2021 quarter due to the phase out of Canadian operations and a decline in other non-core offerings.
Investments in innovation initiatives, marketing, and associate retention increased operating expenses for the quarter.
The company paid $5.9 million in dividends and $3.6 million related to share repurchases during the quarter.
Diluted earnings per share decreased to $0.33 for the quarter ended September 30, 2022, from diluted earnings per share of $0.38 for the quarter ended September 30, 2021.
Forward Guidance
The press release contains forward-looking statements subject to risks and uncertainties as outlined in the company's filings with the Securities and Exchange Commission.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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