Universal Health Services Posts 9.6% Revenue Growth and $5.62 EPS in Q1
Universal Health Services reported Q1 net income of $348.7 million, or $5.62 adjusted EPS, surpassing analysts’ $5.29 estimate, on revenue of $4.495 billion, up 9.6% year-over-year. Adjusted EBITDA rose to $648.3 million while cash flow from operations reached $402 million and credit capacity expanded by $900 million.
1. First-Quarter Financial Highlights
Universal Health Services delivered Q1 net income of $348.7 million, or $5.65 per share reported and $5.62 adjusted, on revenue of $4.495 billion, up 9.6% year-over-year, exceeding consensus estimates of $5.29 EPS and $4.36 billion revenue.
2. Segment Operating Metrics
On a same-facility basis, acute care patient days rose 0.8% with net revenue per admission up 6.3%, while behavioral health admissions grew 1.2% with net revenue per admission up 6.2%, driving segment revenue increases of 8.2% and 7.3%, respectively.
3. Cash Flow and Credit Facilities
Operating cash flow increased to $402 million from $360 million a year ago, and the company expanded its credit capacity by $900 million, boosting the revolving facility to $1.5 billion, increasing term loan A to $1.455 billion and adding a $400 million delayed draw term loan.
4. Stock Repurchase Program
During the quarter, Universal Health Services repurchased 675,000 Class B shares for $127.3 million at an average price of $189 per share, reflecting ongoing capital allocation toward shareholder returns.