Univ Health Svc Stock Price, News & Analysis

Universal Health Services (UHS) announced that CFO Steve Filton will present at two virtual conferences. The first is the 30th Annual Credit Suisse Healthcare Conference on November 10, 2021, at 11:20 a.m. ET. The second is the 2021 Wolfe Research Healthcare Conference on November 18, 2021, at 8:30 a.m. ET. Live webcasts of the presentations will be available on the company’s website, with replays accessible for 90 days. UHS is a leading provider of hospital and healthcare services across the U.S., Puerto Rico, and the UK.

Universal Health Services, Inc. (UHS) reported third-quarter net income of $218.4 million, down from $241.3 million year-over-year. Earnings per diluted share decreased from $2.82 to $2.60. Despite this, net revenues rose 8.4% to $3.156 billion compared to $2.913 billion in 2020. Adjusted net income was $224.1 million, reflecting a slight drop from $246.5 million. EBITDA net of noncontrolling interest for Q3 was $441.5 million, down from $471 million last year. In the nine-month period ending September 30, 2021, net income increased to $752.5 million, while net revenues reached $9.367 billion.

Universal Health Services, Inc. (UHS) will report its third-quarter earnings for 2021 after market close on October 25, 2021. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on October 26, 2021. Interested parties can join by dialing 1-877-648-7971 and a live broadcast will also be available on the company's website. The call replay will be accessible for one year post-event. UHS operates one of the largest hospital networks, including acute care hospitals and behavioral health facilities across the U.S., U.K., and Puerto Rico.

Universal Health Services (NYSE: UHS) announced that CFO Steve Filton will participate in a virtual fireside chat at Morgan Stanley's 19th Annual Global Healthcare Conference on September 14, 2021, at 5:00 PM. UHS is a leading hospital management company, operating 400 facilities across 38 states, Washington D.C., the UK, and Puerto Rico. The company focuses on meeting diverse healthcare needs, emphasizing its commitment to community health. For more information, visit uhsinc.com.

Universal Health Services (NYSE: UHS) has declared a cash dividend of $0.20 per share, scheduled for September 15, 2021. Shareholders of record by September 1, 2021 will be eligible. UHS, a prominent hospital management company, operates approximately 400 facilities across the U.S., the U.K., and Puerto Rico, emphasizing comprehensive healthcare service delivery for over 40 years. This dividend reflects UHS's ongoing commitment to providing returns to its shareholders while maintaining a robust healthcare infrastructure.

Universal Health Services, Inc. (UHS) announced the pricing of its private offering of senior secured notes totaling $700 million for the 1.650% notes due 2026 and $500 million for the 2.650% notes due 2032. The offering is set to close on August 24, 2021, with proceeds intended to redeem existing $400 million of senior secured notes due 2026, repay debts, and cover general corporate expenses. The notes are not registered under the Securities Act and will be offered only to qualified institutional buyers.

Universal Health Services (UHS) has announced a senior secured notes offering in two tranches, maturing in September 2026 and January 2032. The net proceeds, expected to be approximately $400 million, will be utilized to redeem existing 5.00% Senior Secured Notes due 2026, cover accrued interest, pay down senior credit facility debt, and handle transaction expenses. The offering will target qualified institutional buyers under Rule 144A and is not registered under the Securities Act.

Universal Health Services reported a robust financial performance for Q2 2021, with net income rising to $325 million ($3.79 per diluted share) compared to $251.9 million ($2.95 per diluted share) in Q2 2020. Net revenues grew 17.1% to $3.198 billion. Adjusted EBITDA increased to $572.7 million. The company returned $189 million from the CARES Act and had a favorable after-tax impact of $29.8 million from various programs. For the full year, revised guidance suggests net revenues will range from $12.351 billion to $12.501 billion.

Universal Health Services, Inc. (NYSE: UHS) will release its second-quarter results for 2021 on July 26, 2021, after market close. A conference call for investors is scheduled for 9:00 a.m. ET on July 27, 2021, with a dial-in of 1-877-648-7971. The call will also be available via live broadcast on the company’s website, where a replay will be accessible for one year post-call. UHS operates acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, United Kingdom, and Puerto Rico.