Tenet Healthcare (THC) Tops Q3 EPS by 18c; $1B Buyback Announced

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Tenet Reports Third Quarter 2022 Results; Announces $1 Billion Share Repurchase Program

October 20, 2022 4:05 PM EDT

Net income from continuing operations available to common shareholders in third quarter 2022 was $131 million, or $1.16 per diluted share Adjusted diluted earnings per share from continuing operations1 of $1.44 in third quarter 2022 Consolidated Adjusted EBITDA1 in third quarter 2022 of $841 million Third Quarter 2022 USPI Adjusted EBITDA grew 16.4% over third quarter 2021 Same-facility system-wide ambulatory surgical cases were flat compared to third quarter 2021; Same-hospital adjusted admissions decreased 0.7% versus third quarter... More