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Jun 30, 2024

NHC Q2 2024 Earnings Report

NHC's revenue increased, and the company reported an increase in GAAP net income for Q2 2024.

Key Takeaways

National HealthCare Corporation reported a 6.4% increase in net operating revenues and grant income for the quarter ended June 30, 2024, totaling $300,658,000. GAAP net income attributable to NHC was $26,844,000, compared to $16,281,000 for the same period in 2023. The GAAP diluted earnings per share were $1.73 for the quarter ended June 30, 2024.

Net operating revenues and grant income increased by 6.4% compared to the same quarter last year.

GAAP net income attributable to NHC increased to $26,844,000.

GAAP diluted earnings per share rose to $1.73.

Same-facility net operating revenues increased 8.0% excluding governmental stimulus and exited facilities.

Total Revenue
$289M
Previous year: $283M
+2.1%
EPS
$1
Previous year: $0.89
+12.4%
Gross Profit
$111M
Previous year: $107M
+3.6%
Cash and Equivalents
$322M
Previous year: $78.5M
+310.7%
Free Cash Flow
$30.2M
Previous year: $33.2M
-8.9%
Total Assets
$1.34B
Previous year: $1.28B
+4.6%

NHC

NHC

Forward Guidance

The press release contains forward-looking statements which involve risks and uncertainties detailed in NHC's filings with the SEC.