Last $29.61 USD
Change Today -0.15 / -0.50%
Volume 39.3K
SCAI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

surgical care affiliates inc (SCAI) Key Developments

Surgical Care Affiliates, Inc. Announces Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014

Surgical Care Affiliates, Inc. announced unaudited earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported total net operating revenues of $212.40 million, operating income of $45.60 million, income from continuing operations before income tax expense of $37.20 million, income from continuing operations of $35.80 million, net income attributable to company of $6 million or $0.16 per basic share, adjusted EBITDA of $37.30 million, adjusted net income of $18.20 million or $0.47 per basic share compared to the total net operating revenues of $196.70 million, operating income of $43.50 million, income from continuing operations before income tax expense of $19.50 million, income from continuing operations of $18.50 million, net loss attributable to company of $9.80 million or $0.32 per basic share, adjusted EBITDA of $34.90 million, adjusted net income of $5.70 million or $0.19 per basic share for the same quarter a year ago. The increase in adjusted net income was primarily the result of the lower interest expense in the second quarter this year associated with the reduction of its debt during 2013. Net cash provided by operating activities was $42.3 million against $39.4 million a year ago. Capital expenditures of $9.7 million against $9.5 million a year ago. For the six months period, the company reported total net operating revenues of $407.80 million, operating income of $82.30 million, income from continuing operations before income tax expense of $61.60 million, income from continuing operations of $58.50 million, net income attributable to company of $6.30 million or $0.16 per basic share, adjusted EBITDA of $70.20 million, adjusted net income of $33.40 million or $0.87 per basic share compared to the total net operating revenues of $387.90 million, operating income of $89.60 million, income from continuing operations before income tax expense of $50.60 million, income from continuing operations of $46.30 million, net loss attributable to company of $11.20 million or $0.37 per basic share, adjusted EBITDA of $69.40 million, adjusted net income of $17.60 million or $0.58 per basic share for the same period a year ago. Net cash provided by operating activities was $86.7 million against $80.6 million a year ago. Capital expenditures were $18.2 million against $17.3 million a year ago. The company provided earnings guidance for the third quarter, fourth quarter and full year of 2014. The business continues to operate as expected and while they do not provide quarterly guidance, it is important to note that for the third quarter of 2014, they are expecting a modest growth rate in adjusted EBITDA less NCI, accelerating to a strong growth rate in the fourth quarter. For 2014, the company is reiterating its previous guidance that it expects Adjusted EBTIDA less NCI to be in the range of $154 million to $158 million.

Surgical Care Affiliates, Inc. to Report Q2, 2014 Results on Aug 13, 2014

Surgical Care Affiliates, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 13, 2014

Surgical Care Affiliates, Inc., Q2 2014 Earnings Call, Aug 14, 2014

Surgical Care Affiliates, Inc., Q2 2014 Earnings Call, Aug 14, 2014

Surgical Care Affiliates, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for 2014; Reports Asset Impairments for the First Quarter Ended March 31, 2014

Surgical Care Affiliates, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total net operating revenues of $196.0 million compared with $192.0 million for the same period last year. Operating earnings was $36.6 million compared with $46.0 million for the same period last year. Income from continuing operations before income tax expense was $24.4 million compared with $31.0 million for the same period last year. Income from continuing operations was $22.6 million compared with $27.7 million for the same period last year. Net income attributable to the company was $0.2 million or $0.01 basic per share compared with net loss attributable to the company of $1.4 million or $0.05 basic per share for the same period last year. Net cash provided by operating activities was $44.4 million compared with $41.2 million for the same period last year. Capital expenditures were $8.5 million compared with $7.8 million for the same period last year. Adjusted net income was $15.2 million or $0.40 basic per share compared with $11.8 million or $0.39 basic per share for the same period last year. Adjusted EBITDA-NCI was $32.9 million against $34.5 million a year ago. For 2014, the company is reiterating its previous guidance that it expects Adjusted EBTIDA less NCI to be in the range of $154 million to $158 million, which includes the impact of weather and other items discussed in this release on its business that occurred in the first quarter. For the first quarter, the company reported asset impairments of $0.3 million against $0.2 million a year ago.

Surgical Care Affiliates, Inc. to Report Q1, 2014 Results on May 12, 2014

Surgical Care Affiliates, Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 12, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SCAI:US $29.61 USD -0.15

SCAI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Amsurg Corp $53.95 USD +0.16
HCA Holdings Inc $70.15 USD +0.33
View Industry Companies
 

Industry Analysis

SCAI

Industry Average

Valuation SCAI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 5.4x
Price/Cash Flow 85.5x
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SURGICAL CARE AFFILIATES INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.