DaVita Q3 2023 Earnings Report
Key Takeaways
DaVita Inc. announced strong financial results for the third quarter of 2023, with consolidated revenues of $3.1 billion, operating income of $496 million, and diluted earnings per share of $2.62. The company has balanced operating discipline with investments in future growth, while focusing on teammate experience and patient care.
Consolidated revenues reached $3.1 billion.
Operating income was $496 million, with an adjusted operating income of $525 million.
Diluted earnings per share (EPS) stood at $2.62, and adjusted diluted EPS was $2.85.
Operating cash flow amounted to $661 million, while free cash flow reached $453 million.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Forward Guidance
DaVita provided its 2023 guidance for adjusted operating income, adjusted diluted net income per share, and free cash flow.
Positive Outlook
- Adjusted operating income is expected to be between $1,650 million and $1,725 million.
- Adjusted diluted net income per share is projected to be in the range of $7.80 to $8.30.
- Free cash flow is anticipated to be between $950 million and $1,150 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income