Welcome to our dedicated page for Universal Health Services Class B news (Ticker: UHS), a resource for investors and traders seeking the latest updates and insights on Universal Health Services Class B stock.
Universal Health Services, Inc. (UHS) is a leading healthcare management company that operates through its subsidiaries, which include acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, the United Kingdom, and Puerto Rico. Founded in 1978, UHS is headquartered in King of Prussia, PA, and has grown into a Fortune 500 company with annual revenues of $14.282 billion in 2023 and a workforce of approximately 96,700 employees.
The company's operations are divided into two main segments: Acute Care Hospital Services and Behavioral Health Services. The Acute Care segment encompasses acute care hospitals, surgical hospitals, and surgery and oncology centers, while the Behavioral Health segment includes inpatient and outpatient behavioral health facilities. UHS aims to build or acquire high-quality hospitals in rapidly growing markets, focusing on exceptional service and cost efficiency.
Recent Achievements and Financial Performance:
- In the second quarter of 2023, UHS reported a net income of $171.3 million ($2.42 per diluted share), reflecting a 6.8% increase in net revenues to $3.548 billion compared to the same period in 2022.
- For the full year of 2023, UHS reported net revenues of $14.282 billion, a 6.6% increase from 2022, with a net income of $717.8 million ($10.23 per diluted share).
- The company consistently sees growth in both acute care and behavioral health services, with significant increases in adjusted admissions and net revenues.
Current Projects and Strategic Focus:
- UHS is focusing on expanding its presence in rapidly growing markets by investing in new facilities and upgrading existing ones.
- The company is continuously exploring strategic acquisitions to enhance its service offerings and market reach.
- UHS maintains a proactive approach to managing its finances and operational efficiency, including a stock repurchase program with an aggregate available authorization of approximately $423 million as of December 31, 2023.
Partnerships and Community Impact:
- UHS acts as the advisor to Universal Health Realty Income Trust (NYSE: UHT), a real estate investment trust.
- The company's operating philosophy emphasizes integrity, competence, and compassion, ensuring high-quality care for its patients and communities.
UHS has been recognized on the Fortune 500 list (#311) and Forbes' list of America's Largest Public Companies (#434). Additionally, UHS has been named one of the World's Most Admired Companies by Fortune, highlighting its commitment to excellence in healthcare services.
For the latest news, financial reports, and conference call information, please visit the UHS website.
Universal Health Services, Inc. (UHS) reported a strong first quarter of 2023, achieving a net income of $163.1 million, or $2.28 per diluted share, up from $153.9 million or $2.02 per share in Q1 2022. Net revenues grew by 5.3% to $3.468 billion, compared to $3.293 billion in the prior year. Adjusted net income was $167.6 million, or $2.34 per diluted share, an increase from $163.5 million in the previous year. EBITDA also rose to $407.3 million from $368.3 million. Acute care services saw a 3.5% revenue increase, while behavioral health care services surged by 9.7%. However, net cash from operations decreased to $291 million from $445 million in 2022, primarily due to changes in working capital. The company has an available repurchase authorization of $869 million for its stock buyback program.
Universal Health Services (NYSE: UHS) will report its first-quarter results for the period ending March 31, 2023 on April 25, 2023, after market close.
A conference call is scheduled for April 26, 2023, at 9:00 a.m. Eastern time, during which investors and analysts can discuss the results. A live webcast will be available on the company's website for those unable to join by phone. Participants must register in advance to obtain the dial-in details.
Universal Health Services is one of the largest hospital companies in the U.S., operating across various facilities in the U.S., the U.K., and Puerto Rico.
Universal Health Services, Inc. (NYSE: UHS) announced that Steve Filton, Executive Vice President and CFO, will participate in a fireside chat at Citi's 2023 Healthcare Services, MedTech, Tools & HCIT Conference in New York on March 2, 2023, at 3:30 PM (EST).
A live audio webcast of the presentation will be available on the company's website, with a replay accessible for 90 days post-conference. UHS is a leading provider of hospital and healthcare services across the U.S., Puerto Rico, and the U.K., operating various acute care and behavioral health facilities.
Universal Health Services (UHS) reported a fourth-quarter net income of $174.8 million ($2.43 per share) for 2022, down from $239.1 million ($3.00 per share) in 2021. Despite a 5.2% increase in net revenues to $3.447 billion, adjusted net income decreased to $217.1 million ($3.02 per share) from $235.1 million ($2.95 per share) year-over-year. For the full year, UHS reported net income of $675.6 million ($9.14 per share), down from $991.6 million ($11.82 per share) in 2021. The company forecasted 2023 net revenues between $14.044 billion and $14.314 billion with adjusted EPS projected at $9.50 to $10.50.
Universal Health Services, Inc. (NYSE: UHS) will report its fourth quarter and full year earnings for the period ending December 31, 2022, on February 27, 2023, after market close. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on February 28, 2023. The call will be accessible via a live webcast on the company's website. Universal Health Services is a leading hospital company, operating a network of acute care hospitals, behavioral health facilities, and ambulatory centers across the United States, the United Kingdom, and Puerto Rico.
Universal Health Services, Inc. (NYSE: UHS) has declared a cash dividend of $0.20 per share, set for payment on March 15, 2023. Shareholders on record by March 1, 2023 will be eligible for this dividend. UHS is a leading provider in the healthcare sector, operating various facilities including acute care hospitals and behavioral health facilities across the United States, Puerto Rico, and the United Kingdom.
Universal Health Services, Inc. (UHS) announced a cash dividend of $0.20 per share, payable on December 15, 2022. Shareholders must be on record by December 01, 2022. UHS is a leading provider of hospital and healthcare services, operating numerous facilities across the United States, Puerto Rico, and the United Kingdom.
Universal Health Services, Inc. (UHS) has announced that Steve Filton, the Executive Vice President and CFO, will participate in two upcoming healthcare conferences in November 2022. The first presentation is scheduled for November 10, 2022, at 11:00 a.m. ET, during the 31st Annual Credit Suisse Healthcare Conference in Rancho Palos Verdes, California. The second is on November 17, 2022, at 12:00 p.m. ET, at the 2022 Wolfe Research Healthcare Conference in New York City. Live webcasts will be available on the company's website, with replays accessible for 90 days.
Universal Health Services (UHS) reported a net income of $182.8 million ($2.50 per diluted share) for Q3 2022, down from $218.4 million ($2.60 per diluted share) in Q3 2021. Net revenues rose by 5.7% to $3.336 billion year-over-year. Adjusted net income was $185.8 million ($2.54 per diluted share), down from $224.1 million ($2.67 per diluted share) in 2021. EBITDA fell to $421.7 million from $441.5 million in the previous year. For the nine-month period, net income was $500.8 million ($6.71 per diluted share), compared to $752.5 million ($8.83 per diluted share) in 2021, while net revenues increased by 6.3% to $9.952 billion.
Universal Health Services, Inc. (UHS) has appointed Edward H. Sim as Executive Vice President and President of Acute Care, following Marvin Pember's retirement announcement. Sim, with nearly 30 years of experience, will oversee UHS Acute Care operations starting December 5. Marc D. Miller, President and CEO, highlighted Sim's background, including his role as COO at Centura Health, managing $5 billion in revenues. In 2021, UHS reported annual revenues of approximately $12.6 billion and continues to expand its healthcare services across the U.S. and abroad.
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