Universal Health Services, Inc. Class B - UHS STOCK NEWS

Universal Health Services (NYSE: UHS) will have Steve Filton, Executive VP and CFO, participate in a fireside chat at Morgan Stanley's 20th Annual Global Healthcare Conference on September 14, 2022, at 1:30 PM EDT. A live audio webcast will be accessible on the company's website, with a replay available for 90 days after the event. UHS is a major player in healthcare management, operating over 400 facilities across 39 U.S. states, Washington D.C., the UK, and Puerto Rico, focusing on patient care needs for over 40 years.

Universal Health Services (UHS) reported a net income of $164.1 million, or $2.20 per diluted share, for Q2 2022, a significant drop from $325 million or $3.79 per share in Q2 2021. Despite a 3.9% increase in net revenues to $3.323 billion, adjusted net income also fell to $163.9 million from $322.3 million year-over-year. EBITDA decreased to $384.5 million from $581.8 million, largely impacted by reduced patient volumes due to declining COVID-19 cases, and ongoing staffing shortages. UHS increased its share repurchase program authorization to $1.21 billion.

Universal Health Services (NYSE: UHS) announced a cash dividend of $0.20 per share to be distributed on September 15, 2022. Shareholders of record as of September 1, 2022 will receive this payment. UHS, a leading hospital management company, operates 405 facilities across the U.S., Washington, D.C., the U.K., and Puerto Rico, focusing on providing comprehensive healthcare services for over 40 years. This dividend marks a continued commitment to returning value to shareholders.

Universal Health Services, Inc. (UHS) announces that it will release its second quarter earnings results for the period ending June 30, 2022, after market close on July 25, 2022. An investor conference call is scheduled for 9:00 a.m. ET on July 26, 2022. The presentation will be available via a live webcast on the company's website, with a replay accessible for one year post-event. UHS is a major hospital operator in the United States, UK, and Puerto Rico, encompassing acute care and behavioral health facilities.

Universal Health Services, Inc. (UHS) revised its 2022 financial forecast, citing a significant decline in operating results during April and May. The adjusted net income per diluted share is now estimated at $2.05 to $2.15 for Q2, driven by lower patient volumes and revenues at acute care hospitals, mainly due to a decline in COVID-related patients. The new projections indicate net revenues of approximately $13.235 billion to $13.371 billion, down 1.4% to 2.4% from previous estimates. Adjusted EBITDA is projected at $1.635 billion to $1.712 billion, and Adjusted EPS-diluted at $9.60 to $10.40, representing decreases of 19.3% from prior forecasts.

Universal Health Services, Inc. (NYSE: UHS) announced that Steve Filton, Executive Vice President and Chief Financial Officer, will engage in a fireside chat at the Goldman Sachs 43rd Annual Global Healthcare Conference on June 13, 2022, at 2:00pm PT. A live audio webcast of the presentation will be accessible on the company's website, with a replay available for 90 days post-conference. UHS operates 404 inpatient and outpatient facilities across the U.S., Washington D.C., the UK, and Puerto Rico, dedicated to meeting healthcare needs in local communities.

Universal Health Services announced a cash dividend of $0.20 per share, payable on June 15, 2022, to shareholders of record as of June 1, 2022. UHS continues to operate over 404 facilities across the U.S., including acute care and behavioral health hospitals. The company emphasizes its commitment to meeting healthcare needs across the country, highlighting its extensive network and community focus.

Universal Health Services (NYSE: UHS) announced that CFO Steve Filton will present at two upcoming healthcare conferences. The first presentation is on May 17, 2022, at 9:30 a.m. (ET) during the RBC Capital Markets 2022 Healthcare Conference in New York. The second presentation is on May 23, 2022, at 10:00 a.m. (ET) at the UBS 2022 Global Healthcare Conference, also in New York. Live audio webcasts will be available on their website and replays will last for 90 days after each conference.

Universal Health Services (UHS) reported a net income of $153.9 million or $2.02 per diluted share in Q1 2022, down from $209.1 million or $2.43 in Q1 2021. Net revenues rose by 9.3% to $3.293 billion. Adjusted net income was $163.5 million or $2.15 per share. EBITDA decreased to $368.3 million from $426.3 million. Staffing shortages and COVID-19 effects negatively impacted results. The company has also initiated a $1.4 billion stock repurchase program, having repurchased 2.65 million shares for approximately $350.2 million.