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Jun 30, 2024
CHS Q2 2024 Earnings Report
Community Health Systems' financial performance improved with increased revenues and a reduced net loss, driven by same-store volume growth and effective expense management.
Key Takeaways
Community Health Systems reported a net operating revenue of $3.140 billion for Q2 2024, a 0.8% increase compared to the same period in 2023. The net loss attributable to stockholders was $(13) million, or $(0.10) per share, an improvement from $(38) million, or $(0.29) per share, in Q2 2023. Adjusted EBITDA increased to $387 million from $373 million year-over-year.
Net operating revenues increased to $3.140 billion.
Net loss attributable to stockholders improved to $(13) million, or $(0.10) per share.
Adjusted EBITDA rose to $387 million.
Same-store admissions increased by 3.0 percent and adjusted admissions increased 3.2 percent.
Forward Guidance
Community Health Systems projects net operating revenues between $12.5 billion and $12.7 billion and Adjusted EBITDA between $1.52 billion and $1.60 billion for the year ending December 31, 2024. They anticipate a net loss per share between $(0.45) and $(0.30).
Positive Outlook
- Net operating revenues are projected between $12.5 billion and $12.7 billion.
- Adjusted EBITDA is expected to be between $1.52 billion and $1.60 billion.
- Depreciation and amortization are estimated at approximately 4.0% of net operating revenues.
- Net income attributable to noncontrolling interests is projected at 1.2% to 1.3% of net operating revenues.
- Capital expenditures are projected between $350 million and $400 million.
Challenges Ahead
- Net loss per share - diluted is projected between $(0.45) and $(0.30).
- Interest expense is estimated to be between $850 million and $865 million.
- Provision for income taxes is projected at 0.9% to 1.0% of net operating revenues.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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