MURFREESBORO,Tenn.– National HealthCare Corporation (NYSE American: NHC), the nation’s oldest publicly traded senior health care company, announced today net operating revenues for the quarter ended June 30, 2018 totaled $242,142,000 compared to $238,695,000 for the quarter ended June 30, 2017, an increase of 1.4%.
For the quarter ended June 30, 2018, reported GAAP net income attributable to NHC was $22,461,000 compared to $10,655,000 for the second quarter of 2017. The increase in GAAP net income was primarily due to the new accounting standard of recording the quarterly market value change of our marketable equity securities through the income statement. Excluding the $12.4 million unrealized gains in our marketable equity securities portfolio and other non-GAAP adjustments, adjusted net income for the quarter ended June 30, 2018 was $14,155,000 compared to $11,882,000 for the second quarter of 2017, an increase of 19.1%(1). For the quarter ended June 30, 2018, the reported GAAP diluted earnings per share was $1.47 and the adjusted diluted earnings per share was $0.93(1). View as PDF