UHS(UHS) Prnewswire·2025-02-26 21:16Consolidated Financial Results - The reported net income attributable to Universal Health Services, Inc. (UHS) for Q4 2024 was $332.4 million, or $4.96 per diluted share, compared to $216.4 million, or $3.16 per diluted share in Q4 2023, reflecting a significant increase [1][6] - Net revenues for Q4 2024 increased by 11.1% to $4.114 billion, up from $3.704 billion in Q4 2023 [1][6] - For the full year 2024, reported net income attributable to UHS was $1.142 billion, or $16.82 per diluted share, compared to $717.8 million, or $10.23 per diluted share in 2023 [6][10] Adjusted Financial Metrics - Adjusted net income attributable to UHS for Q4 2024 was $329.9 million, or $4.92 per diluted share, compared to $214.9 million, or $3.13 per diluted share in Q4 2023 [2][7] - For the full year 2024, adjusted net income attributable to UHS was $1.128 billion, or $16.61 per diluted share, compared to $739.4 million, or $10.54 per diluted share in 2023 [7][10] Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) - EBITDA net of noncontrolling interests for Q4 2024 was $620.2 million, compared to $476.9 million in Q4 2023 [5][10] - Adjusted EBITDA net of noncontrolling interests for Q4 2024 was $614.6 million, up from $473.4 million in Q4 2023 [5][10] - For the full year 2024, EBITDA net of noncontrolling interests was $2.248 billion, compared to $1.714 billion in 2023 [10][10] Acute Care Services Performance - In Q4 2024, adjusted admissions at acute care hospitals increased by 2.2%, while adjusted patient days increased by 0.1% compared to Q4 2023 [11][12] - Net revenue per adjusted admission increased by 5.3%, and net revenue per adjusted patient day increased by 7.5% in Q4 2024 compared to Q4 2023 [11][12] - For the full year 2024, net revenues from acute care services increased by 8.5% compared to 2023 [12] Behavioral Health Care Services Performance - In Q4 2024, adjusted admissions at behavioral health care facilities increased by 2.0%, and adjusted patient days increased by 1.6% compared to Q4 2023 [13][14] - Net revenue per adjusted admission increased by 8.7%, and net revenue per adjusted patient day increased by 9.1% in Q4 2024 compared to Q4 2023 [13][14] - For the full year 2024, net revenues from behavioral health care services increased by 10.7% compared to 2023 [14] Cash Flow and Liquidity - Net cash provided by operating activities for the full year 2024 was $2.067 billion, compared to $1.268 billion in 2023, reflecting a $799 million increase [16] - As of December 31, 2024, UHS had $1.17 billion of aggregate available borrowing capacity under its revolving credit facility [17] Stock Repurchase Program - During Q4 2024, UHS repurchased approximately 1.25 million shares at an aggregate cost of approximately $249.6 million [19] - For the full year 2024, UHS repurchased approximately 2.98 million shares at an aggregate cost of approximately $598.5 million [19][20] 2025 Operating Results Forecast - UHS forecasts net revenues for 2025 to be between $17.020 billion and $17.364 billion, representing an increase of 7.5% to 9.7% over 2024 [24][26] - Adjusted EBITDA net of noncontrolling interests is estimated to be between $2.357 billion and $2.484 billion, reflecting an increase of 4.9% to 10.6% over 2024 [24][26] - The forecasted EPS-diluted range for 2025 is estimated to be between $18.45 and $19.95, representing an increase of 11.1% to 20.1% over 2024 [24][26]