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Universal Health Services, Inc. reports developments tied to its hospital and healthcare-services operations through subsidiaries that operate acute care hospitals, behavioral health facilities, outpatient facilities and ambulatory care access points in the United States, the United Kingdom and Puerto Rico. Recurring news includes quarterly and annual financial results, operating outlooks, earnings-call schedules and presentations at healthcare conferences.
Company updates also cover capital-allocation and financing actions, including cash dividends, share repurchases, credit-agreement changes and other material corporate events. News about UHS commonly links operating performance to its acute care and behavioral health platforms, as well as governance and shareholder communication matters.
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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.
Universal Health Services, Inc. (NYSE: UHS) will report its fourth quarter and full year earnings for the period ending December 31, 2022, on February 27, 2023, after market close. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on February 28, 2023. The call will be accessible via a live webcast on the company's website. Universal Health Services is a leading hospital company, operating a network of acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, the United Kingdom, and Puerto Rico.
Universal Health Services, Inc. (NYSE: UHS) has declared a cash dividend of $0.20 per share, set for payment on March 15, 2023. Shareholders on record by March 1, 2023 will be eligible for this dividend. UHS is a leading provider in the healthcare sector, operating various facilities including acute care hospitals and behavioral health facilities across the United States, Puerto Rico, and the United Kingdom.