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Mar 31, 2023
NHC Q1 2023 Earnings Report
Announced first quarter 2023 earnings, showing a decrease in net operating revenues and net income compared to the same period in 2022, primarily due to reduced government stimulus income.
Key Takeaways
National HealthCare Corporation reported a decrease in net operating revenues and net income for the quarter ended March 31, 2023, compared to the same period in 2022. The decrease was primarily due to a reduction in government stimulus income. Excluding the government stimulus income and the exited facilities, same-facility net operating revenues increased.
Net operating revenues and grant income totaled $269.6 million, a 3.4% decrease compared to Q1 2022.
GAAP net income attributable to NHC was $11.7 million, compared to $15.3 million for the same period in 2022.
GAAP diluted earnings per share was $0.76, compared to $0.99 for the quarter ended March 31, 2022.
Adjusted diluted earnings per share were $0.79 and $0.91 for the quarters ended March 31, 2023 and 2022, respectively.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
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Avg. Return Before/After Earnings
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