UHS(US:UHS)2025-10-28 12:00Financial Performance - Reported net income attributable to Universal Health Services was $373.0 million, or $5.86 per diluted share, for Q3 2025, compared to $258.7 million, or $3.80 per diluted share, in Q3 2024, representing a 44.2% increase in net income [2]. - Net revenues increased by 13.4% to $4.495 billion in Q3 2025, up from $3.963 billion in Q3 2024 [2]. - Adjusted EBITDA net of noncontrolling interests was $684.2 million in Q3 2025, compared to $528.6 million in Q3 2024, reflecting a 29.5% increase [7]. - For the first nine months of 2025, reported net income was $1.043 billion, or $16.07 per diluted share, compared to $809.7 million, or $11.88 per diluted share, in the same period of 2024, marking a 28.8% increase [9]. - Net revenues for the first nine months of 2025 rose by 9.9% to $12.879 billion, compared to $11.714 billion in the same period of 2024 [9]. - Adjusted net income for the first nine months of 2025 was $1.030 billion, or $15.87 per diluted share, compared to $798.2 million, or $11.71 per diluted share, in the same period of 2024 [10]. - Net revenues for the three months ended September 30, 2025, were $4,495,245, compared to $3,963,027 for the same period in 2024, reflecting a year-over-year increase of 13.4% [37]. - Net income attributable to UHS for the three months ended September 30, 2025, was $372,957, an increase of 44.1% from $258,714 in the same period in 2024 [37]. - Adjusted EBITDA net of NCI for the three months ended September 30, 2025, was $670,600, representing 14.9% of net revenues, compared to $526,536 or 13.3% in 2024 [40]. - Basic earnings per share attributable to UHS for the three months ended September 30, 2025, were $5.92, up from $3.89 in 2024, marking a 52.0% increase [39]. Forecast and Projections - The revised forecast for 2025 projects net revenues between $17.306 billion and $17.445 billion, an increase of 1.0% over the previous forecast [25]. - Adjusted EBITDA net of noncontrolling interests for 2025 is forecasted to be between $2.569 billion and $2.619 billion, up from the previous range of $2.458 billion to $2.543 billion [25]. - The midpoint of the revised 2025 forecasted Adjusted EBITDA, net of NCI, represents an increase of 3.9% over the previous range [31]. - The midpoint of the revised 2025 forecasted Adjusted EPS-diluted represents an increase of 6.4% over the previous range [31]. - The company forecasts net revenues for the year ending December 31, 2025, to be between $17.31 billion and $17.45 billion [68]. - Net income attributable to Universal Health Services is forecasted to be between $1.38 billion and $1.42 billion for the year ending December 31, 2025 [68]. Operational Metrics - The company experienced a significant increase in salaries, wages, and benefits, totaling $2,071,898 for the three months ended September 30, 2025, compared to $1,912,308 in 2024 [37]. - Interest expense, net, decreased to $38,431 for the three months ended September 30, 2025, from $44,660 in the same period in 2024 [37]. - The company reported a significant increase in operating income for the nine months ended September 30, 2025, at $1,476,783, compared to $1,209,325 in 2024, reflecting a growth of 22.1% [37]. - Total net revenues for the nine months ended September 30, 2025, reached $12,878,781, up from $11,714,213 in 2024, marking a growth of 10% [43]. - EBITDA margin net of non-controlling interest (NCI) improved to 15.1% for the nine months ended September 30, 2025, compared to 13.9% in 2024 [51]. - Cash flow from operations for the nine months ended September 30, 2025, was $1,289,704, a decrease from $1,408,664 in the same period of 2024 [49]. - Total assets increased to $15,343,924 as of September 30, 2025, compared to $14,469,749 at the end of 2024 [47]. - UHS's total current liabilities rose to $3,159,190 as of September 30, 2025, from $2,210,406 at the end of 2024 [47]. - The company reported a debt to total capitalization ratio of 39.6% for the nine months ended September 30, 2025, down from 41.3% in 2024 [51]. - Capital expenditures for the nine months ended September 30, 2025, were $733,932, compared to $697,865 in 2024 [51]. Patient and Facility Metrics - The total patient revenue for the three months ended September 30, 2025, reached $23,762,449, reflecting a 13.9% increase from $20,867,174 in the prior year [63]. - Average daily census for behavioral health services increased to 17,824.8, a 1.1% rise from 17,634.9 in the same period of 2024 [63]. - The number of hospitals owned and leased increased to 29, a 7.4% increase from 27 in the prior year [63]. - Average licensed beds for acute care hospitals rose to 7,161, a 5.4% increase from 6,797 in the same period of 2024 [63]. - Inpatient revenue for the three months ended September 30, 2025, was $13,935,095, a 13.4% increase from $12,293,443 in the prior year [63]. - The company reported a 2.7% increase in patient days for acute care hospitals, totaling 412,353 compared to 401,479 in the same period of 2024 [63]. - The company plans to continue expanding its facilities and services to enhance operational performance and meet growing demand in the behavioral health sector [60]. - Total patient revenue for the nine months ended September 30, 2025, increased by 12.4% to $70.91 billion compared to $63.10 billion in the same period of 2024 [65]. - Inpatient revenue rose by 12.2% to $42.12 billion, while outpatient revenue increased by 12.7% to $28.79 billion for the nine months ended September 30, 2025 [65]. - The number of admissions in Acute Care Hospitals increased by 4.4% to 260,459 for the nine months ended September 30, 2025, compared to 249,474 in 2024 [65]. - Average licensed beds in Acute Care Hospitals increased by 4.6% to 7,043 as of September 30, 2025, from 6,735 in the prior year [65]. - The average daily census in Acute Care Hospitals increased by 2.9% to 4,554.2 for the nine months ended September 30, 2025, compared to 4,425.8 in 2024 [65]. - The occupancy rate for licensed beds in Acute Care Hospitals decreased to 64.7% for the nine months ended September 30, 2025, from 65.7% in the prior year [65]. - The company reported a 1.2% increase in patient days in Behavioral Health services, totaling 1,623,202 for the nine months ended September 30, 2025, compared to 1,603,808 in 2024 [65].