NHC Q1 2021 Earnings Report
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
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