Medical Facilities (TSE:DR) Issues Quarterly Earnings Results

Medical Facilities (TSE:DR) announced its quarterly earnings results on Thursday. The company reported C$0.40 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$93.78 million for the quarter. Medical Facilities had a net margin of 13.87% and a return on equity of 45.36%.

Here are the key takeaways from Medical Facilities’ conference call:

• Revenue rose 9.8% to $65.9 million, while income from operations increased 17.3% to $11.2 million and EBITDA grew 13.5% to $14.1 million. Management attributed the gains mainly to favorable case and payer mix, including more spine, higher-acuity orthopedic, and pain-management cases.
• Total surgical case volume fell 1.6% year over year, though it was down only 0.6% excluding low-margin dental cases. Operating expenses increased 8.4%, led by higher drugs and supplies costs, salaries, and benefits.
• The company repurchased just under 1.7 million shares for $21.5 million through the first nine months and said it had used its normal-course issuer bid limit. It ended the quarter with $70.8 million in cash, including $60.7 million at the corporate level, and no corporate debt.

Medical Facilities Stock Up 8.0%

Shares of TSE DR traded up C$1.25 during trading on Thursday, hitting C$16.85. The stock had a trading volume of 58,807 shares, compared to its average volume of 29,230. The firm has a fifty day moving average of C$15.01 and a two-hundred day moving average of C$16.46. The company has a market capitalization of C$273.19 million, a PE ratio of 8.96, a PEG ratio of 3.81 and a beta of 0.57. The company has a debt-to-equity ratio of 58.57, a current ratio of 2.49 and a quick ratio of 1.51. Medical Facilities has a 12 month low of C$14.07 and a 12 month high of C$18.79.

About Medical Facilities

Medical Facilities owns a 51% controlling interest, with its physician partners owning the remaining 49% interest, in two highly rated, high-quality specialty surgical hospitals located in Arkansas and South Dakota. The hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities.