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Jun 30, 2023
UHS Q2 2023 Earnings Report
UHS's financial performance showed improvement in Q2 2023, with increased revenues and earnings compared to the same period last year.
Key Takeaways
Universal Health Services, Inc. reported a 6.8% increase in net revenues, reaching $3.548 billion in Q2 2023. Net income attributable to UHS was $171.3 million, or $2.42 per diluted share, compared to $164.1 million, or $2.20 per diluted share, in Q2 2022. Adjusted net income was $179.4 million, or $2.53 per diluted share.
Net revenues increased by 6.8% to $3.548 billion.
Net income attributable to UHS was $171.3 million, or $2.42 per diluted share.
Adjusted net income attributable to UHS was $179.4 million, or $2.53 per diluted share.
The company is increasing the lower end of its guidance range for consolidated net revenues, Adjusted EBITDA, and adjusted EPS for the year ended December 31, 2023.
UHS
UHS
UHS Revenue by Segment
Revenue by Segment
Acute Care Services Revenue
CapyFin.comBehavioral Health Revenue
CapyFin.com Forward Guidance
UHS revised its 2023 operating results forecasts, increasing the lower end of the guidance range for consolidated net revenues, Adjusted EBITDA net of NCI, and adjusted net income attributable to UHS per diluted share. The higher end of the 2023 guidance range for these metrics remains substantially unchanged.
Positive Outlook
- Net revenues are forecasted between $14.130 billion and $14.330 billion.
- Adjusted EBITDA, net of NCI, is expected to be between $1.696 billion and $1.756 billion.
- Adjusted EPS – diluted is projected to be between $9.85 and $10.50 per share.
- The revised forecast excludes the impact of certain future items that are nonrecurring or non-operational in nature.
- The forecast is subject to conditions set forth in General Information, Forward-Looking Statements and Risk Factors and Non-GAAP Financial Measures.
Challenges Ahead
- The forecast excludes the impact of potential future items, including unrealized gains/losses on equity securities.
- The forecast is subject to potential material items such as reserves for various matters, legal judgments, and lawsuits.
- Potential impacts of non-ordinary course acquisitions, divestitures, and joint ventures are excluded.
- Costs related to extinguishment of debt and gains/losses on sales of assets and businesses are not included.
- Impairments of goodwill, long-lived and intangible assets are excluded from the forecast.
Revenue & Expenses
Visualization of income flow from segment revenue to net income