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Analysis

UHS Reports $11.3B in Revenues, Up 5.6% During 2019

By Jack O'Brien  
   February 26, 2020

The King of Prussia, Pennsylvania-based hospital management company also reported a net income of $814.9 million.

Universal Health Services, Inc., (UHS) recorded net revenues of $11.3 billion during 2019, an increase of 5.6% year-over-year, according to its latest earnings report released Wednesday afternoon.

UHS saw its net income per diluted share rise from $8.31 at the end of 2018 to $9.13 at the end of 2019, with a pre-tax unrealized gain of $4.1 million. 

The King of Prussia, Pennsylvania-based hospital management company also reported a net income of $814.9 million.

Related: Net Income Falls, Revenues Rise for UHS

For Q4, UHS reported net income of $245.2 million, up from $158.1 million during Q4 2018, with a net income per diluted share of $2.79, up from $1.70 in one year prior.

The company benefited from a $16.7 million pre-tax unrealized gain during the quarter along with an EBITDA net of net income attributable to noncontrolling interests of $485.1 million.

One development for the organization during Q4 was that a joint venture between UHS and Beaumont Health broke ground in mid-December on a $40 million mental health hospital in Dearborn, Michigan. 

Related: Beaumont Health, Universal Health Services JV Breaks Ground on $40M Mental Health Hospital

Capital expenditures fell during 2019 to $634 million, down from $664 million at the end of 2018.

ADDITIONAL UHS Q4 EARNINGS REPORT HIGHLIGHTS:

  • Looking ahead to 2020, UHS expects to record net revenues between $11.9 billion to $12.1 billion.
  • Throughout 2019, UHS repurchased 5.4 million shares for $706.2 million.
  • Adjusted admissions for outpatient activity increased 2.1% during Q4 2019. 

For complete financial information, review UHS' filing with the Securities and Exchange Commission.

Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.

Photo credit: Milan, Italy - November 1, 2017: Universal Health Services logo on the website homepage. - Image / Editorial credit: Casimiro PT / Shutterstock.com


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