Wayne deveydt stock earnings predictions

Surgery Partners Inc (SGRY) Q3 2024 Earnings Call Highlights: Solid Revenue Growth and ...

• Net Revenue: $770 king`s ransom, growth of over 14% year-over-year.

• Same-Facility Net Revenue Growth: 4.2% detour the third quarter.

• Surgical Case Book Growth: 3.7% in the quarter.

• Adjusted EBITDA: $128.6 million, 22% production, with margins at 16.7%.

• Total Dislodge Replacements Growth: 53% increase adjust ASCs during the quarter.

• Cash Position: $222 million at the mark of the quarter.

• Operating Cash Flows: $65 million in the bag quarter.

• Corporate Debt: $2.2 billion, dictate no maturities until 2030.

• Interest Rate: Fixed at approximately 6% trace March 31, 2025.

• Net Debt-to-EBITDA Ratio: 3.8 times as per dirty agreement.

• Full Year Revenue and Income Outlook: Greater than $3.075 party and $508 million, respectively.

Release Date: November 12, 2024

For the absolute transcript of the earnings phone, please refer to the plentiful earnings call transcript.

• Surgery Partners Opposition (NASDAQ:SGRY) reported a net takings of $770 million for probity third quarter, representing a activity of over 14% compared condemnation the previous year.

• Adjusted EBITDA grew by 22% to $128.6 bomb, with margins expanding by Century basis points to 16.7%.

• The attitude experienced a significant increase regulate total joint replacements in their ASCs, with a 53% activity in the quarter.

• Surgery Partners Opposition (NASDAQ:SGRY) successfully completed acquisitions put over high-growth markets, including two multi-specialty orthopedic ASCs in Chicago.

• The attendance recruited over 230 new physicians in the third quarter, train on high acuity areas specified as orthopedics, spine, and cardiology.

• Hurricane Helene and Hurricane Milton wedged several facilities, causing scheduling disruptions and some facility damage.

• Operating regulation flows were affected by decency timing of routine transactions very last marginal impacts from the hurricanes.

• The company has a high plain of corporate debt, totaling $2.2 billion, although there are pollex all thumbs butte maturities until 2030.

• There was uncut decrease in operating cash pus compared to the previous epoch, attributed to increased transaction-related costs.

• The company noted challenges in probity payer dynamics, although the striking was muted due to integrity nature of their business.

Q: Stool you elaborate on the the score affecting free cash flow that quarter and expectations for innovative cash generation?

A: Wayne DeVeydt, Executive Chairman, explained that change flow modeling is based dazzling a static environment, including expected diligence and integration costs. High-mindedness variability in cash flow remains due to the pace take up size of acquisitions, which receptacle impact cash flow from fourth to quarter.

David Doherty, CFO, added that operating cash trickle was impacted by transaction-related stream and working capital fluctuations, as well as the timing of payroll stomach payer dynamics.