Envision Healthcare (EVHC) Reports Q2 Adj. EPS of $0.85, Beats on Revenues; FY17 Revenue Guidance Above Consensus

Envision Healthcare (NYSE: EVHC) reported Q2 EPS of $0.85. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $1.7 billion.

Guidance

Envision is revising its 2017 guidance to reflect lower emergency medicine volumes and their impact on Envision’s financial performance. Envision now anticipates that it will generate net revenues of $7.75 billion to $8.00 billion for 2017. Guidance is unchanged for same-contract revenue growth of 3% to 4% for Physician Services, and same-center revenue growth of 0% to 1% for ASCs.

Envision expects Adjusted EBITDA of $1.02 billion to $1.04 billion. The top end of Envision’s most recent Adjusted EBITDA guidance is being reduced by $26 million, or approximately 2%, principally due to lower anticipated emergency medicine volumes than had been previously forecast. Adjusted EPS for the year is expected to be $3.35 to $3.45.

For the third quarter of 2017, Envision expects to generate Adjusted EBITDA of $266 million to $278 million, and Adjusted EPS of $0.87 to $0.93.

GUIDANCE:

Envision Healthcare sees FY2017 EPS of $3.35-$3.45. Envision Healthcare sees FY2017 revenue of $7.75-8 billion, versus the consensus of $6.57 billion.

Highlights for the second quarter of 2017 include:

• Net revenue from continuing operations of $1.95 billion;
• Net earnings from continuing operations attributable to common stockholders of $50.2 million or $0.42 per diluted share;
• Adjusted net earnings from continuing operations of $103.7 million or $0.85 per diluted share;
• Adjusted EBITDA from continuing operations of $253.8 million; and
• Net cash flow from operations, less distributions to non-controlling interests and excluding transaction costs, of $236.6 million.

For earnings history and earnings-related data on Envision Healthcare (EVHC) click here.

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