HCA Healthcare, Inc. (NYSE: HCA) has released its financial results for the third quarter ending September 30, 2024.
Key Metrics:
- Revenues: $17.487 billion (up from $16.213 billion in Q3 2023)
- Net Income: $1.270 billion ($4.88 per diluted share), reflecting a $0.15 impact from Hurricane Helene
- Adjusted EBITDA: $3.267 billion (compared to $2.880 billion in Q3 2023)
- Cash Flow from Operations: $3.515 billion
- Same facility admissions: +4.5%
CEO Sam Hazen praised the team for their response to recent hurricanes, emphasizing their commitment to patient care.
Q3 Performance Overview:
- Revenue grew year-over-year.
- Net income increased, along with a notable rise in adjusted EBITDA.
- Emergency room visits rose by 4.6%, while inpatient surgeries increased by 1.6%.
Nine-Month Performance:
- Revenues for the nine months ending September 30, 2024, reached $52.318 billion, up from $47.665 billion in 2023.
- Net income for the period was $4.322 billion ($16.37 per diluted share).
Hurricane Impact:
HCA incurred about $50 million in expenses and lost revenues from Hurricane Helene. Anticipated costs for Q4 due to ongoing hurricane effects could range from $200 to $300 million.
2024 Guidance:
The company reaffirms its guidance for 2024, projecting results on the lower end due to hurricane impacts, with capital expenditures estimated at $5 billion.
Initial 2025 Outlook:
HCA expects manageable ongoing impacts from Hurricane Helene, projecting growth in diluted earnings per share and adjusted EBITDA.
Balance Sheet:
As of September 30, 2024, HCA reported:
- Cash and equivalents: $2.888 billion
- Total debt: $42.965 billion
- Total assets: $59.459 billion
Dividends:
A quarterly cash dividend of $0.66 per share was declared, payable on December 27, 2024.
Investor Call:
HCA Healthcare will host a conference call for investors today at 9:00 a.m. CT. Access the call via the company’s Investor Relations page.
About HCA Healthcare:
As of September 30, 2024, HCA operated 187 hospitals and approximately 2,400 outpatient care sites across 20 states and the UK.
