National Healthcare Corporation (NHC), the nation's oldest publicly traded senior health care company, has reported its second-quarter 2025 earnings. The company's net operating revenues for the quarter ended June 30, 2025, totaled $374,910,000, marking a significant increase of 24.7% from the $300,658,000 reported for the same period in 2024.
This increase in net operating revenues for the second quarter of 2025, compared to the second quarter of 2024, can be attributed to a 9.6% rise in same-facility net operating revenues and the acquisition of White Oak Management, Inc. in August 2024.
In terms of net income, the reported GAAP net income attributable to NHC for the quarter ended June 30, 2025, was $23,722,000, a decrease from the $26,844,000 reported for the same period in 2024. However, when excluding unrealized gains and losses in the marketable equity securities portfolio and other non-GAAP adjustments, the adjusted net income for the quarter ended June 30, 2025, was $25,710,000, representing a substantial increase of 64.7% from the $15,612,000 reported for the same period in 2024.
Furthermore, the GAAP diluted earnings per share were $1.52 for the quarter ending June 30, 2025, compared to $1.73 for the same period in 2024. However, the adjusted diluted earnings per share for the quarter ended June 30, 2025, were $1.65, showing a significant increase from the $1.00 reported for the same period in 2024.
As of August 1, 2025, NHC affiliates operate 80 skilled nursing facilities with 10,329 beds, 26 assisted living communities with 1,413 units, nine independent living communities with 777 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. NHC also provides Alzheimer's and memory care units, pharmacy services, rehabilitation services, and management and accounting services to third-party post-acute operators.
It is important to note that the company has provided certain non-GAAP financial measures to allow investors to more accurately assess the ongoing nature of its operations and measure its performance more consistently across periods. Therefore, NHC believes this information is meaningful in addition to the information contained in the GAAP presentation of financial information. As a result of these announcements, the company's shares have moved 4.29% on the market, and are now trading at a price of $100.55. If you want to know more, read the company's complete 8-K report here.
