Strong Financial Performance
Universal Health Services reported net income per diluted share of $4.96 for Q4 2024. Adjusted net income per diluted share was $4.92. Cash generated from operating activities was $658 million in Q4 2024 compared to $452 million in Q4 2023.
Increase in Acute Care and Behavioral Health Revenues
Same facility net revenues in acute care hospitals increased by 8.7%, while behavioral health hospitals saw a revenue increase of 11.1% in Q4 2024.
Effective Expense Management
Premium pay costs were reduced from a peak of $153 million in Q1 2022 to $60 million in Q4 2024, indicating effective management of operating expenses.
Capital Expenditure and Expansion
Capital expenditures for 2024 were $944 million, consistent with forecasts. New hospitals were opened, including West Henderson Hospital, with plans to open Cedar Hill Medical Center soon.
Share Repurchase Program
In 2024, $599 million worth of shares were repurchased, continuing a trend since 2019, with 32% of shares outstanding repurchased since then.
Positive Outlook for 2025
EBITDA growth is forecasted in the mid-single digits, with stable cost trends and improvement in salary and wages anticipated.