NHC Q1 2022 Earnings Report
Key Takeaways
National HealthCare Corporation reported an 11.2% increase in net operating revenues and grant income for Q1 2022, reaching $278,983,000. However, net income attributable to NHC decreased to $15,318,000, and adjusted net income also declined due to reduced government stimulus and higher labor costs.
Net operating revenues and grant income increased by 11.2% to $278,983,000 compared to Q1 2021.
The increase in net operating revenues was primarily driven by occupancy in skilled nursing facilities and the acquisition of Caris Healthcare.
Net income attributable to NHC was $15,318,000, compared to $21,267,000 for the same period in 2021.
GAAP diluted earnings per share were $0.99, compared to $1.38 for the same period in 2021.
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NHC Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income