Community Health Systems, Inc. Announces First Quarter 2009 Results with Net Operating Revenues of $2.9 Billion.

Business Wire › April 23, 2009

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Community Health Systems, Inc. Announces First Quarter 2009 Results with Net Operating Revenues of $2.9 Billion.

FRANKLIN, Tenn. -- Community Health Systems, Inc. (NYSE: CYH) today announced financial and operating results for the first quarter ended March 31, 2009.

Net operating revenues for the three months ended March 31, 2009, totaled $2.892 billion, a 7.6 percent increase compared with $2.689 billion for the same period in 2008. Income from continuing operations increased to $71.1 million, or $0.63 per share (diluted), on 90.9 million weighted average shares outstanding for the three months ended March 31, 2009, compared with $59.1 million, or $0.52 per share (diluted), on 95.0 million weighted average shares outstanding for the same period in 2008. Net income per share (diluted) increased to $0.65 for the three months ended March 31, 2009, compared with $0.63 for the same period in 2008. Net income was $58.9 million for the three months ended March 31, 2009, compared with $60.1 million for the same period in 2008.

Adjusted EBITDA for the three months ended March 31, 2009, was $403.6 million, compared with $377.5 million for the same per...

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