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Jun 30, 2023
NHC Q2 2023 Earnings Report
NHC reported an increase in net operating revenues and grant income, along with a rise in GAAP net income and diluted earnings per share for Q2 2023.
Key Takeaways
National HealthCare Corporation (NHC) announced a 4.1% increase in net operating revenues and grant income for Q2 2023, totaling $282,582,000 compared to $271,359,000 in Q2 2022. GAAP net income attributable to NHC was $16,281,000, a significant increase from $3,203,000 in the same period last year. The GAAP diluted earnings per share rose to $1.06, compared to $0.21 for the quarter ended June 30, 2022.
Net operating revenues and grant income increased by 4.1% to $282,582,000 compared to the previous year.
Excluding government stimulus and divested facilities, same-facility net operating revenues increased by 11.5%.
GAAP net income attributable to NHC increased to $16,281,000 compared to $3,203,000 for the same period in 2022.
GAAP diluted earnings per share increased to $1.06 compared to $0.21 for the quarter ended June 30, 2022.
Forward Guidance
The press release does not contain specific forward guidance. It contains forward-looking statements with risks and uncertainties detailed in NHC's filings with the SEC.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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