DaVita Q4 2023 Earnings Report
Key Takeaways
DaVita Inc. reported consolidated revenues of $3.146 billion for Q4 2023. Operating income was $390 million, with adjusted operating income at $415 million. Diluted earnings per share from continuing operations was $1.62, and adjusted diluted earnings per share was $1.87. The company repurchased 2,903,832 shares of its common stock at an average price of $97.82 per share during the quarter.
Consolidated revenues reached $3.146 billion.
Operating income was reported at $390 million, with an adjusted figure of $415 million.
Diluted EPS from continuing operations was $1.62, while adjusted diluted EPS was $1.87.
The company repurchased 2,903,832 shares for $286 million, at an average price of $97.82 per share.
DaVita
DaVita
DaVita Revenue by Segment
DaVita Revenue by Geographic Location
Forward Guidance
DaVita provided its 2024 financial outlook, with adjusted operating income expected to be between $1.825 billion and $1.975 billion, adjusted diluted net income per share attributable to DaVita Inc. between $8.70 and $9.80, and free cash flow between $900 million and $1.150 billion.
Positive Outlook
- Adjusted operating income is projected to be between $1.825 billion and $1.975 billion.
- Adjusted diluted net income per share is expected to range from $8.70 to $9.80.
- Free cash flow is anticipated to be between $900 million and $1.150 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income