BROOKDALE SENIOR LIVING Reports Q2 FY2023 Earnings Results on June 30, 2023
August 10, 2023
🌥️Earnings Overview
On June 30 2023, BROOKDALE SENIOR LIVING ($NYSE:BKD) released their second quarter earnings report for FY2023 with total revenue of USD 746.7 million, a 9.6% increase from the same period the previous year. Net income for the quarter was -4.5 million, a significant improvement on the -84.4 million reported in the same period in FY2022.
Stock Price
On Monday June 30, 2023, BROOKDALE SENIOR LIVING reported its earnings results for Q2 FY2023. The company’s stock opened at $3.8 and closed at the same price, up 0.8% from the previous closing price of $3.8. The company’s positive earning results were a welcomed change for shareholders who had been concerned about the company’s performance in recent quarters. The company’s improved performance was attributed to strong sales growth in its core senior living segment, as well as cost reductions in administrative costs.
Overall, BROOKDALE SENIOR LIVING reported positive Q2 FY2023 earnings results which were welcomed by stockholders. The company’s strong performance in its core segments and cost reductions showed that it has the ability to address the challenges it faces in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BKD. More…
| Total Revenues | Net Income | Net Margin |
| 2.88k | -103.06 | -5.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BKD. More…
| Operations | Investing | Financing |
| 102.83 | -91.34 | 68.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BKD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.9k | 5.37k | 2.86 |
Key Ratios Snapshot
Some of the financial key ratios for BKD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.2% | -56.4% | 4.5% |
| FCF Margin | ROE | ROA |
| -3.7% | 15.2% | 1.4% |
Analysis
GoodWhale conducted a financial analysis of BROOKDALE SENIOR LIVING. Based on our Star Chart, BROOKDALE SENIOR LIVING has an intermediate health score of 4/10, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. While BROOKDALE SENIOR LIVING is strong in cashflows and debt, it is medium in profitability and weak in asset, dividend, and growth. As a result, we classify BROOKDALE SENIOR LIVING as a ‘sloth’, a type of company that has achieved revenue or earnings growth slower than the overall economy. Investors who may be interested in a company like BROOKDALE SENIOR LIVING are those seeking a low-risk investment that will generate steady income with minimal growth potential. They may also prefer companies with strong cashflows and debt management abilities, which BROOKDALE SENIOR LIVING excels in. More…
Peers
Brookdale Senior Living Inc. is one of the largest senior living providers in the United States. It is headquartered in Nashville, Tennessee and has over 1,000 senior living communities in 44 states. Brookdale’s competitors include Summerset Group Holdings Ltd, National Healthcare Corp, and Amedisys Inc.
– Summerset Group Holdings Ltd ($NZSE:SUM)
Summerset Group Holdings Ltd is a New Zealand-based company engaged in the manufacture, sale and provision of retirement village, homecare and cemetery services. The Company operates through three segments: Retirement Villages, Homecare Services and Cemeteries. It offers a range of products and services to meet the needs of retirees, their families and loved ones. The Company’s subsidiaries include Summerset Management Services Limited, which is engaged in the provision of management services to the Company’s retirement villages; Summerset Homes Limited, which is engaged in the design and construction of retirement village homes; and Summerset Cemeteries Limited, which is engaged in the operation of cemeteries.
– National Healthcare Corp ($NYSEAM:NHC)
National Healthcare Corporation is a diversified healthcare company that owns and operates long-term care facilities, retirement centers, and home health care businesses. The company has a market capitalization of 920.8 million as of 2022 and a return on equity of 2.92%. National Healthcare Corporation’s long-term care facilities provide skilled nursing, rehabilitation, and assisted living services to seniors. The company’s retirement centers offer independent and assisted living, as well as memory care services. National Healthcare Corporation’s home health care businesses provide home health care services, including skilled nursing, physical therapy, and home health aides.
– Amedisys Inc ($NASDAQ:AMED)
Amedisys Inc is a healthcare services company with a market cap of 2.98B as of 2022. The company has a return on equity of 11.56%. Amedisys Inc provides home health, hospice, and personal care services to patients in the United States. The company was founded in 1982 and is headquartered in Baton Rouge, Louisiana.
Summary
Investors should take note of BROOKDALE SENIOR LIVING’s second quarter FY2023 earnings results. Revenue increased by 9.6% year over year to USD 746.7 million, and reported net income improved from a loss of -84.4 million to -4.5 million. This suggests that the company has been able to respond well to changing economic conditions and has taken positive steps to improve its financial performance. Investors should monitor the company’s performance in the coming quarters for further indications of improvement or decline.
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