The chart below shows how UHS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UHS sees a -0.62% change in stock price 10 days leading up to the earnings, and a +1.36% change 10 days following the report. On the earnings day itself, the stock moves by -0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Net Income Performance: The company recorded net income attributable to UHS per diluted share of $3.80 for the third quarter of 2024, reflecting a solid performance.
Acute Hospital Admissions Growth: Adjusted admissions to our acute hospitals increased 1.5% year-over-year, indicating growth in patient volume.
Solid Revenue Growth: Overall revenue growth was still a solid 8.6% excluding the impact of our insurance subsidiary, showcasing strong operational performance.
EBITDA Growth in Hospitals: EBITDA at our acute care hospitals increased 36% during the third quarter of 2024 compared to the comparable prior year quarter, demonstrating improved profitability.
Operating Cash Flow Improvement: Cash generated from operating activities was $1.4 billion during the first nine months of 2024, compared to $815 million during the same period in 2023, indicating significant cash flow improvement.
Negative
Net Income Per Share Decline: The company recorded net income attributable to UHS per diluted share of $3.80 for the third quarter of 2024, which is a decrease from the adjusted net income of $3.71 for the quarter ended September 30, 2023.
Acute Hospital Admissions Growth: Adjusted admissions to our acute hospitals increased 1.5% year-over-year, with surgical growth slowing down.
Premium Pay Decline: The amount of premium pay in the third quarter was $60 million, reflecting a 12% decline from the prior year quarter.
Medicaid Reimbursement Increase: We recorded aggregate net incremental reimbursements of approximately $20 million in connection with various state supplemental Medicaid programs, approximately half of which was earned by our acute care hospitals.
Debt Extinguishment Loss: We had a $5 million loss on the extinguishment of debt related to our refinancing that we did during the quarter.
Universal Health Services, Inc. (UHS) Q3 2024 Earnings Call Transcript
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