NHC Reports Third Quarter EarningsPosted 11/06/2014
MURFREESBORO, Tenn. -- National HealthCare Corporation (NYSE MKT: NHC, NHC.PRA), the nation's oldest publicly traded senior health care company, today announced net income available to common shareholders for the quarter ended September 30, 2014 of $10,662,000 compared to $17,710,000 for the quarter ended September 30, 2013. Financial results for the third quarter of 2014 compared to the prior year period were negatively impacted by a decrease in non-operating income. Excluding the decrease in non-operating income along with the 2013 third quarter events involving the recovery of notes receivable and the settlement of a legal dispute (approximately $6,534,000 of income after income taxes), net income available to common shareholders for the quarter ended September 30, 2014 would have increased $572,000 compared to the prior year period, which is a 5.1% increase.
Revenues for the three months ended September 30, 2014 totaled $218,223,000 compared to $195,772,000 for the same three months of 2013, an increase of 11.5%. Net income was $0.77 per common share basic for the quarter ended September 30, 2014 compared to $1.28 per common share basic for the quarter ended September 30, 2013.
View as PDF (includes Consolidated Statements of Income).
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