NYSE$UHS

Universal Health Services Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

UHS's net income and revenues increased in the first quarter of 2023 compared to the first quarter of 2022.

Universal Health Services, Inc. reported a rise in net income attributable to UHS to $163.1 million, or $2.28 per diluted share, in Q1 2023, compared to $153.9 million, or $2.02 per diluted share, in Q1 2022. Net revenues also saw an increase of 5.3% to $3.468 billion during the same period.

  • Net income attributable to UHS increased to $163.1 million, or $2.28 per diluted share, compared to $153.9 million, or $2.02 per diluted share in Q1 2022.
  • Net revenues increased by 5.3% to $3.468 billion, compared to $3.293 billion in Q1 2022.
  • Adjusted net income attributable to UHS was $167.6 million, or $2.34 per diluted share, compared to $163.5 million, or $2.15 per diluted share in Q1 2022.
  • EBITDA net of NCI was $407.3 million, compared to $368.3 million in Q1 2022.

Headline financials

Total Revenue

$3.47B

Previous: $3.29B+5.3%
EPS (adj)

$2.34

Previous: $2.15+8.8%
Avg Licensed Beds

6.8K

Previous: 6.7K+0.7%
Avg Available Beds

6.6K

Previous: 6.6K+0.7%
Patient Days

404.3K

Previous: 406.0K-0.4%
Avg Daily Census

4.5K

Previous: 4.5K-0.4%
Occupancy Licensed Beds

66.1%

Previous: 66.8%-1.0%
Occupancy Available Beds

67.8%

Previous: 68.6%-1.2%
Admissions

80.1K

Previous: 75.3K+6.4%
Length of Stay

5

Previous: 5.4-7.4%
BH Avg Licensed Beds

24.2K

Previous: 24.2K-0.0%
BH Avg Available Beds

24.1K

Previous: 24.1K-0.0%
BH Patient Days

1.6M

Previous: 1.5M+4.4%
BH Avg Daily Census

17.5K

Previous: 16.7K+4.4%
BH Occupancy Licensed

72.1%

Previous: 69.0%+4.5%
BH Occupancy Available

72.4%

Previous: 69.3%+4.5%
BH Admissions

120.6K

Previous: 112.4K+7.2%
BH Length of Stay

13

Previous: 13.4-3.0%
Capital Expenditures

-$169M

Previous: -$200M+15.6%
Free Cash Flow

-$5.64M

Previous: -$46.1M+87.8%
Net Income

$163M

Previous: $154M+6.0%
Operating Income

$279M

Previous: $233M+19.7%
Gross Profit

$3.47B

Previous: $3.29B+5.3%
Cash & Equivalents

$110M

Previous: $106M+3.7%
Total Assets

$13.6B

Previous: $13.1B+3.1%
Stock-Based Comp

$21M

Previous: $19.1M+10.0%

Revenue & EPS history

UHS · Revenue · Quarterly

$3.47B

Q1 2023+5.3%vs Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

UHS · $3.46B total across 2 segments · Q1 2023

  • Acute Care Services
    $1.97B+3.2%
  • Behavioral Health Services
    $1.49B+9.1%

Forward guidance

The press release does not contain any forward guidance.

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 Q1 2023

Historical avgQ1 2023

+0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+17.5%

Q3 2022

Best reaction

-13.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.5%-7.0%-16.4%
Q4 2025-5.5%-1.0%-9.9%
Q3 2025+2.5%+1.4%+14.1%
Q2 2025-0.2%+3.3%+7.3%
Q1 2025-0.6%+3.4%+10.5%
Q4 2024+3.3%-3.8%+3.4%
Q3 2024-13.4%-12.1%-15.5%
Q2 2024+10.6%+17.3%+25.8%
Q1 2024+0.1%+2.6%+6.9%
Q4 2023-1.6%+4.1%+11.0%
Q3 2023-0.2%-0.6%+11.4%
Q2 2023-4.6%-6.5%-12.3%
Q1 2023+1.5%+6.9%-9.3%
Q4 2022-9.1%-13.5%-15.5%
Q3 2022+17.5%+25.8%+39.3%
Q2 2022-1.5%+1.3%-5.7%
Q1 2022-5.7%-7.8%-8.1%
Q4 2021+8.6%+8.7%+11.1%
Q3 2021-7.0%-8.5%-5.0%
Q2 2021+4.2%+5.1%+1.6%
Q1 2021+0.3%+2.0%+10.1%
Q4 2020-9.1%-6.2%-2.0%
Q3 2020+3.0%+11.1%+24.2%
Q2 2020+0.9%+1.7%+0.2%
Q1 2020+3.7%-2.5%+8.6%
Q4 2019-5.3%-2.7%-34.3%
Q3 2019-4.6%-4.0%-3.6%
Q2 2019+10.9%+11.6%+4.7%
Q1 2019-0.8%-2.6%-5.5%
Q4 2018+3.9%+2.7%+0.1%
Q3 2018-5.3%-1.0%+8.0%
Q2 2018+9.3%+9.3%+12.0%
Q1 2018-4.6%-5.2%-3.2%
Q4 2017-1.3%+5.3%+0.7%
Q3 2017-6.9%-8.3%-9.9%
Q2 2017-9.2%-10.3%-12.6%
Q1 2017-2.0%-0.1%-3.0%
Q4 2016-0.9%-0.8%-0.8%
Q3 2016+0.6%-0.7%+1.3%
Q2 2016-4.4%-5.2%-12.1%
Q1 2016+2.1%
Q4 2015+2.4%
Q3 2015+2.4%
Q2 2015+2.1%
Q1 2015-0.7%
Q4 2014+3.8%
Q3 2014-1.0%
Q2 2014+6.8%
Q1 2014+8.3%
Q4 2013-2.6%
Q3 2013+2.6%
Q2 2013+3.3%
Q1 2013+3.3%
Q4 2012-0.0%
Q3 2012-3.2%
Q2 2012+4.8%
Q1 2012-1.7%
Q2 2011+2.0%
Q4 2011+2.0%
Q3 2011+3.8%
Q1 2010+3.8%
Q4 2010+3.8%
Q1 2011+3.8%
Q2 2010+5.0%
Q3 2009+0.0%
Q3 2010+0.0%
Q4 2009-0.3%
Q2 2009-0.3%
Q4 2008-0.3%

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