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Mar 31, 2023

UHS Q1 2023 Earnings Report

UHS's net income and revenues increased in the first quarter of 2023 compared to the first quarter of 2022.

Key Takeaways

Universal Health Services, Inc. reported a rise in net income attributable to UHS to $163.1 million, or $2.28 per diluted share, in Q1 2023, compared to $153.9 million, or $2.02 per diluted share, in Q1 2022. Net revenues also saw an increase of 5.3% to $3.468 billion during the same period.

Net income attributable to UHS increased to $163.1 million, or $2.28 per diluted share, compared to $153.9 million, or $2.02 per diluted share in Q1 2022.

Net revenues increased by 5.3% to $3.468 billion, compared to $3.293 billion in Q1 2022.

Adjusted net income attributable to UHS was $167.6 million, or $2.34 per diluted share, compared to $163.5 million, or $2.15 per diluted share in Q1 2022.

EBITDA net of NCI was $407.3 million, compared to $368.3 million in Q1 2022.

Total Revenue
$3.47B
Previous year: $3.29B
+5.3%
EPS
$2.34
Previous year: $2.15
+8.8%
Average Licensed Beds
6.8K
Previous year: 6.75K
+0.7%
Average Available Beds
6.63K
Previous year: 6.58K
+0.7%
Patient Days
404.25K
Previous year: 405.95K
-0.4%
Gross Profit
$3.47B
Previous year: $3.29B
+5.3%
Cash and Equivalents
$110M
Previous year: $106M
+3.7%
Free Cash Flow
$122M
Previous year: $245M
-50.3%
Total Assets
$13.6B
Previous year: $13.1B
+3.1%

UHS

UHS

UHS Revenue by Segment

Forward Guidance

The press release does not contain any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income