Tenet Healthcare (THC) Tops Q4 EPS, To Retire $700M in Debt

Tenet Healthcare (NYSE: THC) reported Q4 EPS of $2.70, $1.17 better than the analyst estimate of $1.53.

In the quarter ending March 31, 2022 (Q1’22), the Company plans to retire $700 million aggregate principal amount of its 7.50 percent senior secured notes due in 2025 using available cash on hand. In conjunction with this transaction, Tenet expects its annual cash interest payments will be lowered by approximately $53 million.

GUIDANCE:

Tenet Healthcare sees FY2022 EPS of $5.86-$7.05. Tenet Healthcare sees FY2022 revenue of $6.62 billion.

For earnings history and earnings-related data on Tenet Healthcare (THC) click here.

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