NYSE$NHC

National HealthCare Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

NHC reported a net loss attributable to NHC of $3,348,000 and adjusted net income of $14,884,000, driven by the acquisition of Caris Healthcare and increased census in skilled nursing facilities.

National HealthCare Corporation reported a GAAP net loss attributable to NHC of $3,348,000 for the quarter ended September 30, 2021, compared to net income of $12,849,000 for the same period in 2020. However, adjusted net income, excluding unrealized losses in marketable equity securities, increased by 10.5% to $14,884,000. The increase in net operating revenues was primarily driven by the acquisition of Caris Healthcare and an increase in census in skilled nursing facilities.

  • Net operating revenues and CARES Act income increased by 10.4% to $276,737,000 compared to the same quarter in the previous year.
  • The net operating revenues increase was primarily driven by the acquisition of Caris Healthcare.
  • Census in skilled nursing facilities increased by 90 basis points compared sequentially to the second quarter of 2021.
  • GAAP diluted loss per share was $0.22, while adjusted diluted earnings per share were $0.96.

Headline financials

Total Revenue

$277M

Previous: $251M+10.4%
EPS (adj)

$0.96

Previous: $0.88+9.1%
Same-facility census increase

90.0%

No prior period
Capital Expenditures

-$25.8M

Previous: -$17.7M-45.5%
Free Cash Flow

-$29.1M

Previous: -$4.87M-498.2%
Net Income

-$3.35M

Previous: $12.8M-126.1%
Operating Income

$12.8M

Previous: $7.02M+81.7%
Gross Profit

$277M

Previous: $251M+10.4%
Cash & Equivalents

$112M

Previous: $184M-38.8%
Total Assets

$1.42B

Previous: $1.34B+5.8%
Stock-Based Comp

$726K

Previous: $518K+40.2%

Revenue & EPS history

NHC · Revenue · Quarterly

$277M

Q3 2021+10.4%vs Q3 2020

Forward guidance

No forward guidance provided in the earnings report.

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 Q3 2021

Historical avgQ3 2021

+0.1%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+12.2%

Q2 2023

Best reaction

-14.0%

Q4 2009

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+11.8%+12.9%
Q4 2025+2.0%-4.7%-3.7%
Q3 2025+1.1%+3.4%+7.8%
Q1 2025+1.6%-3.1%-3.3%
Q4 2024+0.8%+0.1%-0.2%
Q3 2024+4.5%-0.1%-4.8%
Q2 2024+3.2%+3.7%+6.4%
Q1 2024+0.9%+4.4%+7.4%
Q4 2023+5.8%+7.1%-0.1%
Q3 2023+1.8%+3.9%+14.2%
Q2 2023+12.2%+12.6%+12.5%
Q1 2023+1.9%+5.4%+11.5%
Q4 2022-2.4%-3.9%-8.2%
Q3 2022-3.2%-1.0%-1.3%
Q2 2022+1.1%+1.9%+0.8%
Q1 2022+2.8%+0.8%+1.9%
Q4 2021+0.5%+0.4%+9.6%
Q3 2021+5.9%+1.3%-10.0%
Q2 2021-0.8%-2.4%-5.9%
Q1 2021-1.5%-1.6%+2.4%
Q4 2020+3.7%+10.3%+20.5%
Q3 2020-1.8%+13.0%+2.3%
Q2 2020+5.8%+5.0%-1.2%
Q1 2020-0.0%-5.0%+5.4%
Q4 2019-0.2%-8.4%-16.6%
Q3 2019-0.4%+0.1%+1.1%
Q2 2019-0.6%+0.4%-5.3%
Q1 2019+0.1%+1.4%+2.3%
Q4 2018+1.8%-0.2%-4.2%
Q3 2018-2.3%-3.5%-2.1%
Q2 2018+1.7%+4.4%+5.3%
Q1 2018+3.0%+3.8%+8.3%
Q4 2017-7.1%-2.5%-3.3%
Q3 2017-1.0%+2.9%+0.4%
Q2 2017+0.0%+2.3%-3.8%
Q1 2017-1.1%-1.2%-2.2%
Q4 2016+1.0%+0.8%+0.3%
Q3 2016-2.1%+1.0%+7.6%
Q2 2016+1.9%+2.6%+4.7%
Q1 2016-0.6%
Q4 2015-1.6%
Q3 2015+0.5%
Q2 2015-3.4%
Q1 2015+0.1%
Q4 2014+1.0%
Q3 2014+1.9%
Q2 2014+0.4%
Q1 2014+2.3%
Q4 2013-0.4%
Q3 2013+0.7%
Q2 2013+1.5%
Q1 2013-0.3%
Q4 2012+1.2%
Q3 2012+1.8%
Q2 2012-1.0%
Q1 2011-4.9%
Q1 2012+3.2%
Q4 2011-0.9%
Q3 2010+7.9%
Q3 2011+7.9%
Q4 2009-14.0%
Q4 2010-14.0%
Q2 2010-14.0%
Q2 2011-14.0%
Q1 2010+3.5%

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