NHC Q3 2020 Earnings Report
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.
NHC
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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.