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Pediatrix Medical's Q2 Earnings Beat on Strong Patient Volumes
ZACKS· 2025-08-08 19:01
Core Insights - Pediatrix Medical Group, Inc. (MD) shares increased by 12.1% following the release of its second-quarter 2025 results, driven by higher patient volumes, improved patient acuity, favorable collections, and a significant reduction in operating expenses, although net revenues declined due to practice dispositions [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q2 2025 were reported at 53 cents, exceeding the Zacks Consensus Estimate by 26.2% and reflecting a year-over-year increase of 55.9% [2][9]. - Net revenues fell by 7% year over year to $468.8 million, but still surpassed the consensus estimate by 0.4% [2]. - Same-unit revenues grew by 6.4% year over year, significantly above the growth estimate of 1.1%, with patient volume contributing a 2.9% increase [3]. - Total operating expenses decreased by 38.2% year over year to $409 million, lower than the estimated $414.9 million, primarily due to reductions in practice salaries, benefits, and other operating costs [4]. Cost Management - Practice salaries and benefits amounted to $323.5 million, down 9.6% year over year, influenced by practice dispositions [5]. - Interest expenses decreased by 11.4% year over year to $9.1 million, also below the estimate of $9.5 million [5]. Profitability Metrics - Net income for the quarter was $39.3 million, a significant recovery from a loss of $153 million in the prior-year quarter [5]. - Adjusted EBITDA rose by 26.6% year over year to $73.2 million, exceeding the estimate of $59.4 million [5][9]. Balance Sheet Overview - As of June 30, 2025, cash and cash equivalents stood at $224.7 million, a slight decrease of 2.3% from the end of 2024 [6]. - Total assets were reported at $2.1 billion, down 2.4% from the previous year-end [6]. - Total debt, including finance leases, was $607.5 million, a reduction of 1.6% from December 31, 2024 [6]. Shareholder Returns - The company repurchased common shares worth $1.8 million in the first half of 2025, with a remaining capacity of $1.1 million under its $500 million repurchase program [10]. Future Guidance - Management revised the 2025 adjusted EBITDA guidance to a range of $245-$255 million, up from the previous estimate of $220-$240 million [11]. - Net income is now projected to be between $126.02 million and $133.32 million, an increase from the earlier guidance of $106.21-$120.81 million [11].
pediatrix(MD) - 2025 Q2 - Earnings Call Transcript
2025-08-05 14:00
Pediatrix Medical Group (MD) Q2 2025 Earnings Call August 05, 2025 09:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by and welcome to the Pediatrics Medical Group's Q2 twenty twenty five Earnings Conference Call. At this time, all participants are in listen only mode. Later, we will conduct a question and answer session. And as a reminder, this conference is being recorded. I would now like to turn the conference over to Mary Anne Moore, EVP, General Counsel and Chief Administrative Officer. ...
pediatrix(MD) - 2025 Q2 - Quarterly Report
2025-08-05 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-12111 Pediatrix Medical Group, Inc. (Exact name of registrant as specified in its charter) Florida 26-3667538 (State or other ...
pediatrix(MD) - 2025 Q2 - Quarterly Results
2025-08-05 10:50
FORT LAUDERDALE, Fla., August 5, 2025 - Pediatrix Medical Group, Inc. (NYSE: MD), a leading provider of physician services, today reported earnings of $0.46 per share for the three months ended June 30, 2025. On a non-GAAP basis, Pediatrix reported Adjusted EPS of $0.53. For the 2025 second quarter, Pediatrix reported the following results: "Our second quarter operating results exceeded our forecast and reflect continuing strong neonatology patient volumes, stable payor mix, and careful operations managemen ...
Midland Announces Closing of $6.1 Million Private Placement with Strategic Investment from Centerra Gold
Globenewswire· 2025-07-28 11:30
MONTREAL, July 28, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to announce the closing of a previously announced private placement (see press release dated July 22, 2025), for gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a “FT Share”) at a price of $0.475 per FT Share. Each FT Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“Tax Act”). ...
Midland Announces Non-Brokered Charity Flow-Through Financing with Strategic Investment from Centerra Gold
Globenewswire· 2025-07-22 11:30
MONTREAL, July 22, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to announce that the Corporation has arranged a non-brokered private placement (the “Charity FT Offering”) for aggregate gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a “FT Share”) at a price of $0.475 per FT Share. Each FT Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“Ta ...
Midland Begins Exploration Work on the Willbob-Kan Gold Project in the Labrador Trough
Globenewswire· 2025-07-03 11:30
Figure 1 Willbob Project Regional Location Figure 2 Kan-Willbob Gold Showing Figure 3 South-Central Block-Didgeridoo Gold Zone Figure 4 Didgeridoo Gold Zone-2018 Channels MONTREAL, July 03, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to report the beginning of his prospecting campaign in the Digeridoo area on its Willbob-Kan gold project, wholly owned by Midland. The Willbob-Kan project covers several tens of kilometers of stratigraphy and structu ...
Midland in Partnership With SOQUEM Begins Its 2025 Exploration Program in a Strategic Part of the Labrador Trough, Quebec
Globenewswire· 2025-06-17 11:30
Core Viewpoint - Midland Exploration Inc. is advancing its summer 2025 exploration program in collaboration with SOQUEM Inc., focusing on the Labrador Trough in Nunavik with a joint budget of $1 million, continuing efforts since 2021 [2][21]. Exploration Focus - The exploration will target the central part of the Labrador Trough, particularly the Nachicapau and Dunphy South projects, which are considered prospective for economic copper mineralization [3][9]. - Fieldwork is set to commence on June 23, 2025, including rock and soil geochemical sampling and an OreVision® spectral induced polarization survey [3][7]. Project Highlights - The Dunphy South project has shown promising results with copper grades up to 3.73% Cu discovered in 2024, and further sampling campaigns are planned to assess the extent of mineralization [7][10]. - The Nachicapau project has revealed significant mineralization with grades reaching 39.90% Cu and 308.00 g/t Ag in grab samples, indicating a rich hydrothermal system [16][13]. Future Plans - In 2025, Midland and SOQUEM will focus on defining the extent of copper showings in the Dunphy South project and continue exploration in the Nachicapau project to identify new mineralized areas [9][12]. - An OreVision® survey covering 40 km is scheduled for July 2025 to identify deeper targets that may indicate economic mineralization [17][18]. Strategic Alliance - The Strategic Alliance between Midland and SOQUEM aims to explore the mineral potential of the Labrador Trough, with a commitment of up to $5 million over four years, including $2 million in the first two years [21][22]. - The collaboration is designed to leverage both companies' expertise in exploring the underexplored regions of Quebec [21][22].
Why Pediatrix Medical Group (MD) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-06-12 14:56
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Midland Begins Major Airborne Electromagnetic Survey in Nunavik, Quebec, for Copper-Nickel as Part of its Strategic Alliance with BHP
Globenewswire· 2025-06-03 11:30
Core Viewpoint - Midland Exploration Inc. has initiated a significant copper-nickel exploration program in Nunavik, following the discovery of new mineralized showings from 2020 to 2024 [1][5]. Group 1: Exploration Program Details - The 2025 exploration program is part of a strategic alliance with BHP Group Limited, focusing on newly identified crustal-scale structures favorable for copper-nickel mineralization [2][3]. - The program will include an airborne HeliTEM® time-domain electromagnetic survey, covering approximately 6,600 line-kilometers, set to begin in June 2025 [8][15]. Group 2: Recent Discoveries and Surveys - New Cu-Ni-Co showings were identified from 2022 to 2024, with significant findings including the Target 22 showing, which returned grades of 0.81% Ni, 0.22% Cu, and 0.19% Co [5][6]. - A lake-bottom sediment survey conducted in July 2023 collected 1,383 samples, detecting several copper-nickel anomalies, leading to the discovery of a new mineralized intrusion [7][15]. Group 3: Historical Context and Methodology - The exploration targets mafic troctolite/olivine gabbro intrusive rocks, similar to those at Voisey's Bay, which have seen less historical exploration in Quebec [5]. - Regional magnetotelluric (MT) surveys completed in 2022 identified a major crustal-scale structure, interpreted as a high-priority target for copper-nickel exploration [6][15].