Q1 2025 Universal Health Services Inc Earnings Call Transcript
Key Points
- Universal Health Services Inc (UHS) reported a net income per diluted share of $4.80 for Q1 2025, with an adjusted net income of $4.84.
- Same facility net revenues in the acute care hospital segment increased by 5.0% compared to the previous year.
- Operating expenses were well managed, with a modest increase of 2.6% over the previous year.
- The company experienced a 21% increase in EBITDA, excluding Medicaid supplemental payments.
- West Henderson Hospital in Las Vegas opened in late 2024 and posted a modestly positive EBITDA in Q1 2025.
- Cash generated from operating activities decreased from $396 million in Q1 2024 to $360 million in Q1 2025.
- The year-over-year patient day growth comparison was negatively impacted by the extra leap day in 2024 and challenging winter weather conditions.
- There were delays in receipt of funds related to certain Medicaid supplemental payments, impacting cash flow.
- Behavioral health hospital patient days were relatively flat compared to the prior year, affected by weather and leap year impacts.
- The company faces uncertainty in the external operating environment, particularly regarding Medicaid supplemental payments.
Good day, and thank you for standing by. Welcome to the UHS 2025 conference call here. (Operator Instructions). Please be advised that today's conference is recorded.
I would like to now hand the conference over today's speaker, Steve Filton, Executive Vice President and Chief Financial Officer. Please go ahead.
Good morning. Thank you. Marc Miller is also joining us this morning. We both welcome you to this review of Universal Health Services results for the first-quarter March 31, 2025. During the conference call, we'll be using words such as believes, expects, anticipates, estimates and similar words that represent forecast projections and forward-looking statements.
For anyone not familiar with the risks and uncertainties inherent in these forward-looking statements, I recommend the careful reading of the section on risk factors and forward-looking statements and risk factors in our Form 10-K for the year ended December 31, 2024. We
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