Universal Health Services, Inc. Reports 2019 First Quarter Financial Results

KING OF PRUSSIA, Pa., April 25, 2019,/PRNewswire/ — Universal Health Services, Inc. (NYSE: UHS) introduced today that its pronounced net profits because of UHS became $234.2 million, or $2.Fifty-seven consistent with diluted share, at some point of the primary quarter of 2019 compared to $223.8 million, or $2.36 in keeping with diluted proportion, all through the comparable area of 2018. Net sales improved four.Three% to $2.804 billion at some point in the first quarter of 2019 in comparison to $2.688 billion in the course of the first zone of 2018.
For the 3-month length ended March 31, 2019, our adjusted internet income attributable to UHS, as calculated on the connected Schedule of Non-GAAP Supplemental Information (“Supplemental Schedule”), turned into $223.Three million, or $2.45 in keeping with diluted proportion, in comparison to $232.1 million, or $2.45 in keeping with diluted proportion, for the duration of the primary zone of 2018.
Included in our pronounced and our adjusted internet income as a consequence of UHS all through the primary quarter of 2019, is a pre-tax unrealized loss of $4.Three million, or $.03 in step with diluted proportion (blanketed in “Other (profits) cost, net”), attributable to a decrease in the market price of stocks of positive marketable securities held for funding and categorized as to be had on the market.
As meditated at the Supplemental Schedule, blanketed in our said outcomes in the course of the first area of 2019, is a good after-tax impact of $10.9 million, or $.12 in keeping with diluted share, due to our adoption of ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” (“ASU 2016-09”).
As reflected at the Supplemental Schedule, covered in our pronounced effects throughout the primary area of 2018, is a net mixture negative after-tax impact of $eight.Three million, or $.09 in keeping with diluted percentage, along with with: (i) an unfavorable after-tax effect of $9.Nine million, or $.Eleven in step with diluted percentage, attributable to a $thirteen.Zero million pre-tax growth in the reserve mounted in reference to the discussions with the Department of Justice (“DOJ”), as mentioned underneath, and; (ii) a good after-tax impact of $1.6 million, or $.02 in keeping with diluted percentage, as a consequence of our adoption of ASU 2016-09.
As calculated on the connected Supplemental Schedule, our profits before hobby, taxes, depreciation & amortization (“EBITDA internet of NCI”, NCI is internet profits resulting from noncontrolling interests), become $452.7 million during the primary sector of 2019 compared to $442.1 million at some point of the primary region of 2018. Our adjusted income before interest, taxes, depreciation & amortization (“Adjusted EBITDA internet of NCI”), which excludes the impacts of our adoption of ASU 2016-09, other (earnings) price, internet, in addition to the unfavorable effect of the above-mentioned $thirteen.Zero million pre-tax booms inside the DOJ Reserve recorded in the course of the primary region of 2018, become $457.2 million at some point of the first zone of 2019 as compared to $455.1 million all through the primary area of 2018.
Acute Care Services – Three-month durations ended March 31, 2019, and 2018:
During the first region of 2019, at our acute care hospitals owned for the duration of both intervals (“same facility foundation”), adjusted admissions (adjusted for outpatient activity) elevated four.9% and altered affected person days multiplied four.4%, compared to the first quarter of 2018. At those facilities, net revenue per adjusted admission reduced zero.4% at the same time as internet revenue per adjusted affected person day changed into unchanged at some stage in the first quarter of 2019 as compared to the similar sector of 2018. Net revenues from our acute care offerings on an identical facility foundation expanded four.7% all through the first sector of 2019 as compared to the comparable region of the previous yr.