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Dec 31, 2022

Surgery Partners Q4 2022 Earnings Report

Reported a revenue increase of 15.9% and days adjusted same-facility revenues increased 10.7%.

Key Takeaways

Surgery Partners, Inc. announced its Q4 and full year 2022 results, with revenue increasing by 15.9% to $707.1 million for the quarter and 14.1% to $2.5 billion for the year. The company set its 2023 guidance with revenue expected to be greater than $2.75 billion and Adjusted EBITDA greater than $425 million.

Revenue increased 15.9% to $707.1 million in Q4 2022.

Days adjusted same-facility revenues increased 10.7% in Q4 2022.

Net loss attributable to common stockholders was $23.4 million for Q4 2022.

Adjusted EBITDA increased 5.6% to $120.8 million in Q4 2022.

Total Revenue
$707M
Previous year: $610M
+15.9%
EPS
$0.27
Previous year: $0.23
+17.4%
Days adjusted revenue growth
10.7%
Previous year: 9.6%
+11.5%
Revenue per case
$4.54K
Previous year: $4.21K
+8.0%
Gross Profit
$184M
Previous year: $147M
+25.3%
Cash and Equivalents
$283M
Previous year: $390M
-27.4%
Free Cash Flow
-$15.5M
Previous year: $5.6M
-376.8%
Total Assets
$6.68B
Previous year: $6.12B
+9.2%

Surgery Partners

Surgery Partners

Surgery Partners Revenue by Segment

Forward Guidance

The Company projects 2023 revenues to be greater than $2.75 billion, and projects 2023 Adjusted EBITDA to be greater than $425 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income