NHC Reports First Quarter 2026 Earnings
NHC
Published on 05/08/2026 at 07:02 am EDT
National HealthCare Corporation (NYSE American: NHC), the nation's oldest publicly traded senior health care company, announced today net operating revenues for the quarter ended March 31, 2026 totaled $381,821,000 compared to $373,697,000 for the quarter ended March 31, 2025, an increase of 2.2%.
For the quarter ended March 31, 2026, the reported GAAP net income attributable to NHC was $35,857,000 compared to $32,205,000 for the same period in 2025. Excluding the unrealized gains in our marketable equity securities portfolio and other non-GAAP adjustments, adjusted net income for the quarter ended March 31, 2026 was $30,089,000 compared to $24,838,000 for the same period in 2025, an increase of 21.1% (*). The GAAP diluted earnings per share were $2.27 and $2.07 for the quarters ending March 31, 2026 and 2025, respectively. Adjusted diluted earnings per share were $1.91 and $1.59 for the quarters ending March 31, 2026 and 2025, respectively (*).
(*) - See the tables below that provide a reconciliation of GAAP to non-GAAP items.
About NHC
As of May 1, 2026, NHC affiliates operate for themselves and third parties 80 skilled nursing facilities with 10,323 beds. NHC affiliates also operate 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’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third party post-acute operators. Other information about the company can be found on our web site at www.nhccare.com.
Non-GAAP Financial Presentation
The Company is providing certain non-GAAP financial measures as the Company believes that these figures are helpful in allowing investors to more accurately assess the ongoing nature of the Company’s operations and measure the Company’s performance more consistently across periods. Therefore, the Company believes this information is meaningful in addition to the information contained in the GAAP presentation of financial information. The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the S.E.C., including Forms 8-K, 10-Q, and 10-K. All forward-looking statements represent NHC’s best judgment as of the date of this release.
2026
2025
$
369,805
$
361,607
12,016
12,090
381,821
373,697
235,074
228,130
91,237
92,457
11,643
11,365
11,614
10,978
349,568
342,930
32,253
30,767
3,757
4,079
(269
)
(2,106
)
9,074
10,982
44,815
43,722
(8,712
)
(11,432
)
36,103
32,290
(246
)
(85
)
$
35,857
$
32,205
$
2.31
$
2.09
$
2.27
$
2.07
15,541,634
15,438,306
15,770,507
15,575,752
$
0.64
$
0.61
2026
2025
$
258,352
$
255,801
160,258
159,848
465,576
461,820
671,823
673,797
1,524,094
1,526,419
250,825
246,132
-
40,000
1,090,949
1,068,772
2026
2025
$
630.44
$
612.13
507.06
492.40
292.21
281.67
349.92
337.04
$
371.69
$
360.14
84,040
86,254
83,376
83,646
362,293
363,642
194,747
184,594
724,456
718,136
The tables below provide reconciliations of GAAP to non-GAAP items (in thousands, except per share amounts):
2026
2025
$
35,857
$
32,205
(9,074
)
(10,982
)
1,280
1,027
2,026
2,588
$
30,089
$
24,838
$
2.27
$
2.07
(0.57
)
(0.71
)
0.08
0.06
0.13
0.17
$
1.91
$
1.59
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