Five Star Quality Care (FVE) Reports Q4 EPS of $3.15, Revenues Miss

Five Star Quality Care (NASDAQ: FVE) reported Q4 EPS of $3.15, versus $0.00 reported last year. Revenue for the quarter came in at $348.87 million versus the consensus estimate of $352.87 million.

• Fourth Quarter Net Income of $16.1 Million and Net Income Per Diluted Share of $3.15
• Fourth Quarter Pro Forma Net Income of $5.8 Million and Pro Forma EBITDA of $10.5 Million

"The completion of the transformative restructuring of our business arrangements with Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) on January 1, 2020 marks the beginning of a new era for Five Star,” stated Katie Potter, President and Chief Executive Officer of Five Star Senior Living Inc. “Additionally, we are excited to announce pro forma fourth quarter EBITDA and net income per share of $10.5 million and $0.18, respectively, giving effect to the restructuring as if it had been completed by October 1, 2019. Having successfully completed this restructuring, we believe we are well-positioned to leverage the stability our new management agreements provide to grow as an organization and increase Five Star\'s shareholder value.”

For earnings history and earnings-related data on Five Star Quality Care (FVE) click here.

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