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Mar 31, 2024
CHS Q1 2024 Earnings Report
Community Health Systems reported mixed results for Q1 2024, with revenue increasing slightly and a net loss, but adjusted EBITDA improved. The company focused on operational and strategic priorities.
Key Takeaways
Community Health Systems reported a slight increase in net operating revenues to $3.140 billion for Q1 2024, compared to $3.108 billion in the same period of 2023. The net loss attributable to stockholders was $(41) million, or $(0.32) per share, an improvement from $(51) million, or $(0.40) per share, in Q1 2023. Adjusted EBITDA increased to $378 million from $335 million year-over-year, and net cash provided by operating activities significantly increased to $96 million from $5 million.
Net operating revenues increased to $3.140 billion.
Net loss attributable to stockholders improved to $(41) million, or $(0.32) per share.
Adjusted EBITDA increased to $378 million.
Net cash provided by operating activities significantly increased to $96 million.
Forward Guidance
Community Health Systems reaffirmed its annual earnings guidance for 2024, which was originally provided on February 20, 2024. The guidance is based on historical operating performance, current trends, and other assumptions considered reasonable by the company.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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