Welcome to our dedicated page for Univ Health Svc news (Ticker: UHS), a resource for investors and traders seeking the latest updates and insights on Univ Health Svc stock.
Universal Health Services, Inc. (UHS) is a New York Stock Exchange–listed hospital and healthcare services company that describes itself as one of the nation’s largest providers of hospital and healthcare services. Through its subsidiaries, UHS operates acute care hospitals, behavioral health facilities, outpatient facilities, ambulatory centers and ambulatory care access points across the United States, Puerto Rico and the United Kingdom.
This news page for UHS stock aggregates company-specific announcements and media releases so readers can follow developments affecting the business and its shares. UHS regularly issues press releases on quarterly and year-to-date financial results, revisions to its full-year operating results forecast, dividend declarations and changes to its stock repurchase program authorization.
Investors can also find news about UHS’s participation in healthcare investor conferences, including presentations by senior executives, as well as announcements regarding earnings release dates and related conference calls and webcasts. The company’s communications often highlight operating trends in its acute care and behavioral health segments, liquidity and borrowing capacity under its revolving credit facility, and other financial and operational metrics.
In addition, UHS uses news releases to discuss corporate and governance matters, such as appointments to leadership roles and recognition in rankings like the Fortune 500, the Forbes Global 2000 and Fortune’s World’s Most Admired Companies. By reviewing the UHS news feed, readers can monitor financial updates, capital allocation decisions, facility-related developments and other events that the company identifies as important to shareholders and the broader market.
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Universal Health Services, Inc. (UHS) reported a strong first quarter of 2023, achieving a net income of $163.1 million, or $2.28 per diluted share, up from $153.9 million or $2.02 per share in Q1 2022. Net revenues grew by 5.3% to $3.468 billion, compared to $3.293 billion in the prior year. Adjusted net income was $167.6 million, or $2.34 per diluted share, an increase from $163.5 million in the previous year. EBITDA also rose to $407.3 million from $368.3 million. Acute care services saw a 3.5% revenue increase, while behavioral health care services surged by 9.7%. However, net cash from operations decreased to $291 million from $445 million in 2022, primarily due to changes in working capital. The company has an available repurchase authorization of $869 million for its stock buyback program.
Universal Health Services (NYSE: UHS) will report its first-quarter results for the period ending March 31, 2023 on April 25, 2023, after market close.
A conference call is scheduled for April 26, 2023, at 9:00 a.m. Eastern time, during which investors and analysts can discuss the results. A live webcast will be available on the company's website for those unable to join by phone. Participants must register in advance to obtain the dial-in details.
Universal Health Services is one of the largest hospital companies in the U.S., operating across various facilities in the U.S., the U.K., and Puerto Rico.
Universal Health Services, Inc. (NYSE: UHS) announced that Steve Filton, Executive Vice President and CFO, will participate in a fireside chat at Citi's 2023 Healthcare Services, MedTech, Tools & HCIT Conference in New York on March 2, 2023, at 3:30 PM (EST).
A live audio webcast of the presentation will be available on the company's website, with a replay accessible for 90 days post-conference. UHS is a leading provider of hospital and healthcare services across the U.S., Puerto Rico, and the U.K., operating various acute care and behavioral health facilities.
Universal Health Services (UHS) reported a fourth-quarter net income of $174.8 million ($2.43 per share) for 2022, down from $239.1 million ($3.00 per share) in 2021. Despite a 5.2% increase in net revenues to $3.447 billion, adjusted net income decreased to $217.1 million ($3.02 per share) from $235.1 million ($2.95 per share) year-over-year. For the full year, UHS reported net income of $675.6 million ($9.14 per share), down from $991.6 million ($11.82 per share) in 2021. The company forecasted 2023 net revenues between $14.044 billion and $14.314 billion with adjusted EPS projected at $9.50 to $10.50.