Universal Health Services delivered strong revenue growth and earnings improvement, led by acute care services, despite cash flow pressures from delayed Medicaid payments.
Revenue grew 6.7% year-over-year to $4.10 billion.
Net income rose to $316.7 million from $261.8 million last year.
Adjusted EPS reached $4.84, up from $3.70 a year ago.
Operating income increased significantly to $454.8 million.
The company is cautiously optimistic but highlights uncertainties in Medicaid reimbursements and ongoing legal matters.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance