NHC Q3 2024 Earnings Report
Key Takeaways
National HealthCare Corporation reported a strong third quarter in 2024, with a 17.9% increase in net operating revenues and grant income, primarily driven by the acquisition of White Oak Manor. GAAP net income attributable to NHC significantly increased, along with adjusted net income and diluted earnings per share.
Net operating revenues and grant income increased by 17.9% to $340.2 million compared to Q3 2023.
GAAP net income attributable to NHC was $42.8 million, a substantial increase from $10.4 million in the same period last year.
Adjusted net income rose by 50.3% to $19.9 million compared to $13.3 million in Q3 2023.
GAAP diluted earnings per share were $2.73, up from $0.68 in the prior year, while adjusted diluted earnings per share increased to $1.27 from $0.86.
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Forward Guidance
Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance.