Surgery Partners, Inc. (SGRY) Reports Q4 Revenues Below Estimates

Note: EPS may not be comparable

Surgery Partners, Inc. (NASDAQ: SGRY) reported Q4 EPS of ($0.83), versus $0.07 reported last year. Revenue for the quarter came in at $460.3 million versus the consensus estimate of $425.65 million.

Highlights for the Fourth Quarter 2017:

• Revenues increased 50.4% to $460.3 million
• Same-facility revenues increased 1.6% to $492.8 million
• Net loss of $(40.0) million in the fourth quarter 2017, inclusive of net non-cash charges of $38.7 million related to the estimated impact of the Tax Cuts and Jobs Act
• Adjusted EBITDA increased 27.5% to $63.9 million
• Diluted net loss per share of $(0.83), including a net impact of $(0.80) per share related to the aforementioned impact of the Tax Cuts and Jobs Act

For earnings history and earnings-related data on Surgery Partners, Inc. (SGRY) click here.

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