Universal Health Services announced its fourth-quarter and full-year 2024 financial results on February 26, 2025. For Q4 2024, reported net income attributable to UHS was $332.4 million, or $4.96 per diluted share, compared to $216.4 million, or $3.16 per diluted share, in Q4 2023. Net revenues increased by 11.1% to $4.114 billion.
Adjusted net income attributable to UHS for Q4 2024 was $329.9 million, or $4.92 per diluted share, beating Wall Street estimates. For the full year 2024, reported net income attributable to UHS was $1.142 billion, or $16.82 per diluted share, on net revenues of $15.828 billion, an increase of 10.8% from 2023.
The Acute Care segment's same-facility adjusted admissions increased by 2.2% in Q4 2024, with net revenues rising by 8.7%. The Behavioral Health segment also showed strong performance, with same-facility adjusted admissions up 2.0% and net revenues increasing by 11.1% in the fourth quarter.
Net cash provided by operating activities for the full year 2024 was $2.067 billion, a substantial increase from $1.268 billion in 2023. The company's liquidity remained strong, with $1.17 billion of available borrowing capacity under its revolving credit facility as of December 31, 2024.
UHS continued its stock repurchase program, buying back approximately 1.25 million shares for $249.6 million in Q4 2024, bringing the full-year total to 2.98 million shares for $598.5 million. An aggregate available repurchase authorization of approximately $824.4 million remained as of year-end.
The company provided its 2025 operating results forecast, projecting net revenues between $17.020 billion and $17.364 billion, and diluted EPS in the range of $18.45 to $19.95 per share. Capital expenditures are forecasted between $850 million and $1.000 billion, indicating continued investment in growth and facility improvements.
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