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Mar 31, 2024
NHC Q1 2024 Earnings Report
Reported a 10.2% increase in net operating revenues and a significant rise in GAAP net income attributable to NHC.
Key Takeaways
National HealthCare Corporation announced a strong first quarter with a 10.2% increase in net operating revenues, reaching $297,176,000. GAAP net income attributable to NHC saw a substantial rise to $26,213,000 compared to the same period last year. Adjusted net income also increased by 24.7% to $15,048,000.
Net operating revenues increased by 10.2% to $297,176,000 compared to Q1 2023.
GAAP net income attributable to NHC was $26,213,000, significantly higher than $11,723,000 in the same period last year.
GAAP diluted earnings per share increased to $1.69, compared to $0.76 for the same quarter last year.
Adjusted net income increased by 24.7% to $15,048,000.
Forward Guidance
NHC provided forward-looking statements, cautioning investors about risks and uncertainties detailed in their filings with the SEC.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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