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Mar 31, 2020
NHC Q1 2020 Earnings Report
NHC reported a net loss for Q1 2020, but adjusted net income remained relatively stable compared to Q1 2019.
Key Takeaways
National HealthCare Corporation reported a net operating revenue increase of 3.2% for the quarter ended March 31, 2020. However, the company experienced a GAAP net loss attributable to NHC, contrasting with a net income in the same quarter of the previous year. Adjusted net income, excluding unrealized gains and losses, showed a slight increase compared to the first quarter of 2019.
Net operating revenues increased by 3.2% compared to Q1 2019.
GAAP net loss attributable to NHC was $26,852,000, compared to a net income of $21,269,000 in Q1 2019.
Adjusted net income for Q1 2020 was $17,070,000, slightly up from $16,951,000 in Q1 2019.
GAAP diluted loss per share was $1.76, while adjusted diluted earnings per share was $1.11.
Forward Guidance
Forward-looking statements involve risks and uncertainties detailed in NHC's filings with the S.E.C.
Challenges Ahead
- Liabilities and other claims, including patient care liabilities.
- Availability of insurance and assets for indemnification.
- National and local economic conditions affecting labor, utilities, and materials costs.
- Government regulations and changes in healthcare regulations.
- Changes in Medicare and Medicaid payment levels and methodologies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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