TARA BANNOW / January 28, 2020
HCA Healthcare either surpassed or came in at the high end of its 2019 guidance on some of its key metrics: revenues, non-GAAP earnings and capital spending, prompting praise from analysts on its Tuesday earnings call.
“They delivered once again,” said Frank Morgan, an analyst with RBC Capital Markets.
HCA also posted non-GAAP adjusted earnings before interest, taxes, depreciation and amortization of $9.9 billion in 2019. That’s above the high end of its guidance, which was $9.75 billion. It’s also up from adjusted EBITDA of $8.9 billion in 2018.
Still, the company’s reported $3.5 billion in net income for 2019 was down 7.4% from $3.8 billion in 2018.
In the fourth quarter, HCA’s revenue was $13.5 billion, up 10.2% year-over-year. Net income was mostly flat at about $1.1 billion.