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Medical Facilities Corp (TSE:DR)
:DR
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.59Last Year’s EPS
0.56Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 14.50%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive quarter for Medical Facilities Corporation with significant revenue growth driven by government stimulus income and strong performance in surgical and pain management volumes. However, challenges such as the decline in inpatient cases and increased salary expenses were noted. The overall sentiment is positive due to the outweighing highlights of revenue growth, debt reduction, and operational achievements.Company Guidance
In the third quarter of 2024, Medical Facilities Corporation (DR.TO) reported a significant increase in total revenue and other income by $11.6 million or 11.2% to reach $115 million, largely due to the recognition of $11.4 million in government stimulus income following full forgiveness of PPP loans. The facility service revenue remained relatively stable at approximately $103.6 million. The company achieved an 11.7% rise in income from operations to $14.2 million and an 8.3% increase in EBITDA, reaching $19.1 million. Additionally, the company repurchased 554,900 shares during the quarter, returning $5.7 million to shareholders, and further reduced its corporate credit facility by $2 million, achieving a $12 million decrease over the first nine months of the year. Notably, Arkansas Surgical Hospital was recognized among the top 10 U.S. hospitals for low readmission rates.Government Stimulus Recognition
The company recognized government stimulus income of $11.4 million due to the full forgiveness of all outstanding PPP loans by the U.S. Small Business Administration.
Revenue and Income Growth
Total revenue and other income increased by $11.6 million or 11.2% to $115 million. Income from operations increased 11.7% to $14.2 million, and EBITDA rose by 8.3% to $19.1 million.
Surgical and Pain Management Volume Increase
Total surgical cases increased by 3.1%, with observation cases up 13% and outpatient cases up 6.5%. Pain management cases grew by 13.4%.
Debt Reduction and Share Repurchase
The company reduced its corporate debt by $2 million for the quarter and $12 million over the first 9 months. Additionally, 554,900 shares were repurchased in the quarter, returning $5.7 million to shareholders.
Arkansas Surgical Hospital Achievement
Arkansas Surgical Hospital was ranked as one of the top 10 hospitals in the U.S. for low readmission rates by CMS, being the only hospital in Arkansas on the list.
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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 |
|---|---|---|---|
| Nov 07, 2024 | C$14.59 | C$14.59 | 0.00% |
| Aug 06, 2024 | C$13.73 | C$13.37 | -2.59% |
| May 09, 2024 | C$11.16 | C$11.18 | +0.17% |
| Mar 14, 2024 | C$9.08 | C$9.88 | +8.79% |
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 Corp (TSE:DR) report earnings?
Medical Facilities Corp (TSE:DR) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Medical Facilities Corp (TSE:DR) earnings time?
Medical Facilities Corp (TSE:DR) earnings time is at Mar 13, 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 2024 (Q4) is 0.59.
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