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Dec 31, 2023

NHC Q4 2023 Earnings Report

NHC's financial performance improved significantly, driven by revenue growth and strategic adjustments.

Key Takeaways

National HealthCare Corporation (NHC) reported a strong financial performance for the quarter ended December 31, 2023, with a notable increase in GAAP net income attributable to NHC, rising to $28,406,000 compared to $6,353,000 for the same period in 2022. Adjusted net income also saw a substantial increase, reaching $15,955,000 compared to $11,046,000 in the prior year. Diluted earnings per share increased to $1.83, compared to $0.41 for the same quarter last year.

GAAP net income attributable to NHC increased to $28,406,000 compared to $6,353,000 for the same period in 2022.

Adjusted net income for the quarter ended December 31, 2023, increased to $15,955,000 compared to $11,046,000 for the same period in 2022.

GAAP diluted earnings per share rose to $1.83 compared to $0.41 for the quarters ended December 31, 2023 and 2022, respectively.

Adjusted diluted earnings per share increased to $1.03 compared to $0.72 for the quarters ended December 31, 2023 and 2022, respectively.

Total Revenue
$301M
Previous year: $265M
+13.7%
EPS
$1.03
Previous year: $0.72
+43.1%
Gross Profit
$114M
Previous year: $96.7M
+18.3%
Cash and Equivalents
$392M
Previous year: $58.7M
+567.5%
Free Cash Flow
$17.1M
Previous year: $6.3M
+172.1%
Total Assets
$1.31B
Previous year: $1.28B
+2.8%

NHC

NHC

Forward Guidance

As the document consists of an earnings report, forward guidance is not available.