HCA Healthcare (HCA) Q3 2024 Earnings Transcript

Image source: The Motley Fool.

Friday, October 25, 2024 astatine 10 a.m. ET

• Chief Executive Officer — Sam Hazen

• Chief Financial Officer — Mike Marks

• Group President — Frank Morgan

Sam Hazen: Hi, bully greeting to everybody. Before we get to the fiscal results for the quarter, I privation to stock the heroic efforts of our radical arsenic they precocious responded to, successful little than 2 weeks, 2 large hurricanes that impacted immoderate of our communities and facilities. Over the years, HCA Healthcare has developed industry-leading endeavor capabilities to enactment our hospitals during disasters. We person utilized learnings from past experiences, conducted extended training, and built beardown partnerships with cardinal vendors to make a systematic attack to preparing for and responding to large events similar hurricanes.

These resources were enactment to usage by our teams with outstanding results implicit these past fewer weeks arsenic capable hospitals were successful the way of these storms. But what's adjacent much awesome is the unwavering dedication, singular bravery, and outstanding enactment demonstrated by the radical successful our institution who worked passim these storms and, successful galore instances, aggregate days without remainder to guarantee our patients and colleagues were safe. Leveraging firm capabilities efficaciously to enactment committed radical successful our facilities is fundamentally our look for success. We telephone it the HCA way. It works good successful mean times, it worked good successful the pandemic, and present it has proven itself again successful these hurricanes.

A fewer of our communities were importantly impacted by these storms. This is particularly evident successful the Asheville country and parts of Tampa-St. Pete. Given the basal infrastructure relation we play successful our communities and the work we person to beryllium determination for them successful each situations, we person not veered from doing the close thing. I'm humbled by the determination and teamwork of HCA people. I'm honored to beryllium associated with them and I'm arrogant of however they continually amusement up successful hard circumstances and present tremendously affirmative outcomes for our patients, each other, and their communities.

They genuinely show that they are, supra each else, committed to the attraction and betterment of quality life, and I privation to convey them for what they bash to marque this institution great. Now to the quarter's results. Like the archetypal fractional of the year, the results for the 3rd 4th were beardown and reflected coagulated gross maturation and borderline improvement. Diluted net per share, arsenic adjusted, accrued 25% to $4.90. These results see an estimated interaction of $0.15 per stock from mislaid gross and further expenses caused by Hurricane Helene.