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Sep 30, 2020
NHC Q3 2020 Earnings Report
NHC's financial performance for Q3 2020 reflected a slight revenue increase and solid earnings per share.
Key Takeaways
National HealthCare Corporation (NHC) reported a 1.4% increase in net operating revenues and CARES Act funding for Q3 2020, totaling $250,626,000. GAAP net income attributable to NHC was $12,849,000, with a reported GAAP diluted earnings per share of $0.84.
Net operating revenues and CARES Act funding increased by 1.4% compared to Q3 2019, reaching $250,626,000.
Excluding CARES Act funding, net operating revenues would have decreased by 3.5% compared to Q3 2019.
GAAP net income attributable to NHC was $12,849,000, compared to $19,461,000 for the third quarter of 2019.
Reported GAAP diluted earnings per share was $0.84, while the adjusted diluted earnings per share was $0.88.
Forward Guidance
Forward-looking statements involve risks and uncertainties detailed in NHC's filings with the SEC. These include potential liabilities, economic conditions, healthcare regulations, and changes in Medicare and Medicaid payment levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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