By Denny Jacob
Surgery Partners posted higher-than-expected revenue in its latest quarter but also reported a wider loss.
The operator of surgical facilities widened its loss to $108.5 million, or 86 cents a share, from a loss of $1 million, or 1 cent a share, a year earlier.
Stripping out certain one-time items, earnings came in at 44 cents a share. Analysts polled by FactSet expected 38 cents a share.
Revenue rose to $864.4 million from $735.4 million. Analysts polled by FactSet expected $827.9 million.
Surgery Partners forecast revenue between $3.30 billion and $3.45 billion in 2025. Analysts polled by FactSet expect $3.39 billion.
Chief Financial Officer Dave Doherty said the company enters the year with a level of liquidity that enhances its confidence and ability to continue to fund accretive M&A opportunities without the need to access capital markets.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 03, 2025 07:53 ET (12:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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