NHC(US:NHC)2025-02-27 22:13Financial Performance - National HealthCare Corporation reported net operating revenues and grant income of $1,307,382,000 for the year ended December 31, 2024, representing a 14.5% increase from $1,141,544,000 in 2023[1] - The GAAP net income attributable to NHC for 2024 was $101,927,000, up from $66,798,000 in 2023, while adjusted net income increased by 39.9% to $76,862,000[2] - For Q4 2024, the GAAP net income attributable to NHC was $6,081,000, a decrease from $28,406,000 in Q4 2023, but adjusted net income rose 62.7% to $25,954,000[3] - NHC's diluted earnings per share for 2024 were $6.53, up from $4.34 in 2023, reflecting strong earnings growth[2] - The company declared dividends of $2.42 per share for the year ended December 31, 2024, compared to $2.34 in 2023, indicating a commitment to returning value to shareholders[8] Asset Growth - NHC's total assets increased to $1,524,429,000 in 2024 from $1,310,796,000 in 2023, reflecting a significant growth in the company's financial position[9] Operational Expansion - The company acquired White Oak Manor on August 1, 2024, which includes 22 healthcare operations, contributing to the revenue growth[1] - NHC operates 80 skilled nursing facilities with a total of 10,341 beds, alongside various other healthcare services, enhancing its market presence[5] Patient Utilization - The average skilled nursing per diem for Medicare increased to $607.67 in Q4 2024 from $579.84 in Q4 2023, indicating improved revenue per patient[10] - The company reported a total of 728,486 skilled nursing patient days in Q4 2024, compared to 600,510 in Q4 2023, showing a 21.3% increase in patient utilization[10]