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.
