Tenet Healthcare (THC) Tops Q1 EPS by 87c

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Go back to Tenet Healthcare (THC) Tops Q1 EPS by 87c

Tenet Reports First Quarter 2022 Results; Retired over $800 Million of Debt to Date in 2022; Maintains 2022 Adjusted EBITDA Outlook

April 20, 2022 4:05 PM EDT

Net income from continuing operations available to common shareholders in Q122 of $139 million ($135 million excluding grant income) versus net income from continuing operations of $97 million in Q121 ($73 million excluding grant income) Consolidated Adjusted EBITDA in Q122 of $888 million ($882 million excluding $6 million of grant income), exceeding the Company's Q122 Outlook range, versus $777 million in Q121 ($740 million excluding $37 million of grant income); Q1'22 included a $69 million gain from the sale of certain medical office buildings for net cash proceeds of $147 million Diluted earnings per share from... More