DaVita Q1 2023 Earnings Report
Key Takeaways
DaVita Inc. reported consolidated revenues of $2.873 billion, operating income of $312 million, and diluted earnings per share of $1.25 for the quarter ended March 31, 2023. The company's results benefited from an improving macro environment.
Consolidated revenues were $2.873 billion.
Operating income was $312 million, and adjusted operating income was $352 million.
Diluted earnings per share from continuing operations was $1.25, and adjusted diluted earnings per share from continuing operations was $1.58.
Operating cash flow was $463 million, and free cash flow was $265 million.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Forward Guidance
DaVita provided its 2023 guidance for adjusted operating income from continuing operations to be between $1.475 billion and $1.625 billion, adjusted diluted net income from continuing operations per share to be between $6.20 and $7.30, and free cash flow to be between $750 million and $1.000 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income