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Mar 31, 2021
NHC Q1 2021 Earnings Report
NHC reported Q1 2021 earnings with a decrease in net operating revenues and CARES Act income but an increase in GAAP net income.
Key Takeaways
National HealthCare Corporation reported net operating revenues and CARES Act income of $250,973,000 for Q1 2021, a decrease of 2.0% compared to Q1 2020. GAAP net income attributable to NHC was $21,267,000, compared to a net loss of $26,852,000 in the same period of 2020. GAAP diluted earnings per share was $1.38, compared to a diluted loss per share of $1.76 in the same period of 2020.
Net operating revenues and CARES Act income totaled $250,973,000, a 2.0% decrease year-over-year.
GAAP net income attributable to NHC was $21,267,000, compared to a net loss in the same period last year.
GAAP diluted earnings per share was $1.38, compared to a diluted loss per share in the same period last year.
Census in skilled nursing facilities increased approximately 3.5% from the beginning of January 2021 through the end of March 2021.
NHC
NHC
NHC Revenue by Segment
Revenue by Segment
Net patient revenues Revenue
CapyFin.comOther revenues Revenue
CapyFin.com Forward Guidance
Forward-looking statements involve risks and uncertainties detailed in NHC's filings with the SEC.
Challenges Ahead
- Liabilities and other claims asserted against us and patient care liabilities, as well as the resolution of current litigation
- Availability of insurance and assets for indemnification
- National and local economic conditions; including their effect on the availability and cost of labor, utilities and materials
- The effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations
- Changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries
Revenue & Expenses
Visualization of income flow from segment revenue to net income