NHC Reports First Quarter EarningsPosted 05/03/2016
MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE MKT: NHC), the nation's oldest publicly traded long-term health care company, today announced net income available to common shareholders for the quarter ended March 31, 2016 of $13,699,000 compared to $11,074,000 for the quarter ended March 31,
2015, an increase of 23.7%. The increase in net income available to common shareholders is primarily due to the favorable refinance and redemption of the Company's preferred stock during the fourth quarter of 2015. Excluding the operating losses from the newly constructed skilled nursing facility and assisted living facility placed in service less than twelve months ago, net income for the quarter ended March 31, 2016 would have been $14,204,000, which is an increase of 7.3% over the same three month period in 2015.
Net revenues for the three months ended March 31, 2016 totaled $229,588,000 compared to $222,407,000 for the same three months of 2015, an increase of 3.2%. Net income was $0.92 per common share basic for the quarter ended March 31, 2016 compared to $0.80 per common share basic for the quarter ended March 31
2015, an increase of 15.0%. View as PDF
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