NHC(US:NHC)2024-05-10 14:30Financial Performance - Net operating revenues for Q1 2024 totaled $297,176,000, an increase of 10.2% compared to $269,563,000 in Q1 2023[1] - GAAP net income attributable to NHC was $26,213,000 for Q1 2024, up from $11,723,000 in Q1 2023, representing a growth of 123.3%[2] - Adjusted net income for Q1 2024 was $15,048,000, a 24.7% increase from $12,071,000 in Q1 2023[2] - GAAP diluted earnings per share rose to $1.69 in Q1 2024 from $0.76 in Q1 2023, while adjusted diluted earnings per share increased to $0.97 from $0.79[2] Operational Metrics - Total skilled nursing patient days increased to 585,851 in Q1 2024 from 576,406 in Q1 2023[9] - Average skilled nursing per diem increased to $343.48 in Q1 2024 from $315.81 in Q1 2023[9] - NHC operates 65 skilled nursing facilities with 8,421 beds and 24 assisted living communities with 1,365 units[4] Assets and Cash Position - Cash, cash equivalents, and marketable securities totaled $217,506,000 as of March 31, 2024, down from $223,620,000 at the end of 2023[8] - Total assets increased to $1,319,640,000 as of March 31, 2024, from $1,310,796,000 at the end of 2023[8] Dividends - The company declared dividends of $0.59 per common share for Q1 2024, compared to $0.57 in Q1 2023[8]