Research Reports

Key takeaways

Revenue increased 2.2% to $381.8M, driven by higher occupancy and Medicare rate increases.

Operating income rose 4.8% to $32.3M, reflecting a slight operating margin improvement.

Net income grew 11.3% to $35.9M, benefiting from lower interest expense and a favorable tax rate.

Diluted EPS increased 9.7% to $2.27.

Operating cash flow was $62.5M, funding $9.6M in capital expenditures and supporting debt repayment.

Free cash flow of $52.9M provides liquidity for investments and dividends.

Full analysis

Occupancy and Rate Gains Drive Top-Line Growth

Margin Expansion and Lower Interest Expense Boost Profitability

Operating income increased 4.8% to $32.3 million, with operating margin improving to 8.4%. The increase in non-GAAP earnings was primarily due to a slight operating margin increase, a reduction of interest expense, and a favorable income tax rate for the quarter. Net income rose 11.3% to $35.9 million, and diluted EPS increased 9.7% to $2.27.

NHC · National HealthCare Corporation

Summary

Key takeaways

Full analysis

Occupancy and Rate Gains Drive Top-Line Growth

Margin Expansion and Lower Interest Expense Boost Profitability

Strong Cash Flow and Balance Sheet Strength

Regulatory Tailwinds and Risks