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Medical Facilities Corporation (TSE:DR)
TSX:DR
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.1Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -0.27%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial position due to strategic asset sales and effective cash management, with significant shareholder returns. However, the company faced challenges in revenue growth and incurred an impairment charge, indicating areas for improvement.Company Guidance
During the 2024 fourth quarter earnings call for Medical Facilities Corporation, key metrics indicated a robust financial performance and strategic shifts. The company completed the sale of Black Hills to Sanford Health, generating $96.1 million in cash proceeds and eliminating $17 million in exchangeable interest, which significantly bolstered their balance sheet with a record-high cash balance of $108.5 million. Medical Facilities repurchased approximately 1.7 million shares for $16.6 million under their normal course issuer bid and conducted a substantial issuer bid, buying back 3.4 million shares for CAD60.7 million, representing 14.7% of their outstanding shares. Their facility service revenue for the year increased by 1.1% to $331.5 million, while income from operations rose by 10.5% to $54.7 million, and adjusted EBITDA grew by 7.3% to $71.4 million. In the fourth quarter, however, facility service revenue slightly declined by 1.1% to $91.1 million due to lower surgical volumes, which were impacted by physician absences and an industry-wide intravenous saline fluid shortage. Nonetheless, the company maintained a strong focus on shareholder returns, operational excellence, and continued debt reduction, retiring the entire $16 million corporate credit facility balance during the year.Sale of Black Hills to Sanford Health
MFC completed the sale of Black Hills to Sanford Health, receiving cash proceeds of $96.1 million. This significantly strengthened the company's balance sheet and resulted in the elimination of $17 million in exchangeable interest related to Black Hills.
Record High Cash Balance
Year-end cash balance reached a record high of $108.5 million, enhancing the company's ability to return capital to shareholders and focus on core assets.
Share Repurchase Program Success
Through substantial issuer bids and normal course issuer bids, MFC repurchased approximately 5.1 million shares, returning $126.2 million to shareholders since 2022.
Recognition of Quality Care
Arkansas Surgical Hospital received the 2024 Press Ganey Human Experience Guardian of Excellence Award for outstanding patient experience, and both Arkansas and Sioux Falls facilities were recognized as top orthopedic hospitals for women.
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TSE:DR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:DR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | C$16.73 | C$15.29 | -8.62% |
| Nov 07, 2024 | C$14.51 | C$14.51 | 0.00% |
| Aug 06, 2024 | C$13.65 | C$13.30 | -2.59% |
| May 09, 2024 | C$11.10 | C$11.12 | +0.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Medical Facilities Corporation (TSE:DR) report earnings?
Medical Facilities Corporation (TSE:DR) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Medical Facilities Corporation (TSE:DR) earnings time?
Medical Facilities Corporation (TSE:DR) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:DR EPS forecast?
TSE:DR EPS forecast for the fiscal quarter 2025 (Q1) is 0.31.
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