NASDAQ$SGRY

Surgery Partners Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a revenue increase of 15.9% and days adjusted same-facility revenues increased 10.7%.

Surgery Partners, Inc. announced its Q4 and full year 2022 results, with revenue increasing by 15.9% to $707.1 million for the quarter and 14.1% to $2.5 billion for the year. The company set its 2023 guidance with revenue expected to be greater than $2.75 billion and Adjusted EBITDA greater than $425 million.

  • Revenue increased 15.9% to $707.1 million in Q4 2022.
  • Days adjusted same-facility revenues increased 10.7% in Q4 2022.
  • Net loss attributable to common stockholders was $23.4 million for Q4 2022.
  • Adjusted EBITDA increased 5.6% to $120.8 million in Q4 2022.

Headline financials

Total Revenue

$707M

Previous: $610M+15.9%
EPS (adj)

$0.27

Previous: $0.23+17.4%
Revenue per Case

$4.54K

Previous: $4.21K+8.0%
Capital Expenditures

$22.7M

Previous: $14.1M+61.0%
Free Cash Flow

-$15.5M

Previous: $5.6M-376.8%
Net Income

$23.3M

Previous: -$100K+23400.0%
Operating Income

$94.2M

Previous: $115M-17.9%
Gross Profit

$184M

Previous: $147M+25.3%
Cash & Equivalents

$283M

Previous: $390M-27.4%
Total Assets

$6.68B

Previous: $6.12B+9.2%
Stock-Based Comp

$5.4M

Previous: $4M+35.0%

Revenue & EPS history

Surgery Partners · Revenue · Quarterly

$707M

Q4 2022+15.9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The Company projects 2023 revenues to be greater than $2.75 billion, and projects 2023 Adjusted EBITDA to be greater than $425 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-1.2%

Avg return

30 days after

57%

28 / 49 earnings

Positive

+26.2%

Q2 2020

Best reaction

-35.9%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+1.7%-3.7%
Q4 2025-12.5%-15.9%-23.3%
Q3 2025-25.4%-28.9%-23.1%
Q1 2025+5.1%+8.0%+4.6%
Q4 2024-0.3%-0.1%-2.2%
Q3 2024-18.8%-27.0%-35.6%
Q2 2024-0.4%+3.6%+7.9%
Q1 2024+6.1%+3.9%+1.3%
Q4 2023-3.6%-5.6%-9.4%
Q3 2023+10.4%+5.5%+30.9%
Q2 2023-4.0%-4.6%-6.1%
Q1 2023-6.3%-11.2%-5.5%
Q4 2022-1.8%-0.5%+3.0%
Q3 2022-11.7%+17.9%+5.7%
Q2 2022-2.5%-1.7%-30.6%
Q1 2022+11.2%+0.8%-21.3%
Q4 2021+4.7%+1.6%+6.4%
Q3 2021+17.7%+22.8%+13.0%
Q2 2021-13.1%-15.2%-8.6%
Q1 2021+5.2%+2.1%+22.6%
Q4 2020+3.4%+7.2%+11.9%
Q3 2020-5.8%+0.7%+14.0%
Q2 2020+26.2%+26.1%+25.3%
Q1 2020+1.2%-9.7%+34.5%
Q4 2019-29.6%-34.8%-68.6%
Q3 2019+22.4%+35.2%+60.8%
Q2 2019+7.9%-4.1%+0.3%
Q1 2019-5.1%-6.7%-19.9%
Q4 2018+5.4%+9.0%-9.6%
Q3 2018+6.2%+0.7%-6.7%
Q2 2018+13.0%+10.8%-2.2%
Q1 2018+7.0%+16.1%-12.9%
Q4 2017+0.9%+6.0%+8.2%
Q3 2017+18.5%+8.0%+14.8%
Q2 2017-35.9%-41.4%-47.5%
Q1 2017+17.4%+21.0%+22.1%
Q4 2016-10.2%-6.9%-9.3%
Q3 2016-8.4%-2.8%-7.8%
Q2 2016+1.0%+10.3%+19.2%
Q1 2015-2.7%
Q1 2016-7.6%
Q2 2015+13.1%
Q1 2014+13.1%
Q4 2013+13.1%
Q2 2014+13.1%
Q4 2015+17.1%
Q3 2014+2.8%
Q4 2014+2.8%
Q3 2015-0.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro