HCA revenue beats the hospital chain’s expectations in 2019

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.

The Nashville-based hospital chain’s revenue rounded out 2019 at $51.3 billion—near the high end of its guidance—up 10% from $46.7 billion in 2018.

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.


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Chris J. Stewart

Chris currently serves as Chief Executive Officer of Surgio Health as well as Chief Operating Officer at Ortho Spine Partners. Prior to that, he was the assistant vice president and business unit leader of Medical Device Management for HealthTrust Purchasing Group (HPG).

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