AmSurg Corp. announced earnings in the fourth quarter at $19.3 million, or 60 cents per diluted share, up from $15.6 million, or 49 cents, in 2012. Revenues in the quarter were $284 million, a 17 percent increase from Q4 2012.
EBITDA was also up at $48.3 million in Q4, a 25 percent increase from the year prior. The company also released its guidance for 2014, estimating revenues between $1.12 billion to $1.15 billion, under the consensus of $1.2 billion, primarily due to the company having made fewer late-2013 acquisitions than planned.
"AmSurg completed a year of significant profitable growth by producing a 22 percent increase in fourth quarter earnings per diluted share, our strongest quarterly performance for 2013," said Christopher Holden, president and CEO, in a release. Holden said the increase reflected 10 percent growth in procedures and Q4 increases in same-center revenue and revenue per procedure.
"We continue to expect AmSurg, which owns and operates the most ambulatory surgery centers in the country, to benefit from strong demographic trends, better access to health care and increasing demand for high quality care in the most cost effective venue," Holden said.
Shares of AmSurg (Ticker: AMSG) were down 1.8 percent Tuesday afternoon to $42.12.
Delek Logistics Partners posted a fourth-quarter profit of $11.3 million, less than half its late-2012 number, when it booked a big tax benefit. Operating income climbed to $13.3 million from $5.2 million, driven by the pipeline and transportation segment's near-tripling of segment contribution margin to almost $12 million. Revenues in the quarter dipped to $223 million from $249 million but cost of goods sold fell to $197 million from $230 million.
"Our fourth quarter results benefited from the July purchase of the tank farm and terminal in Tyler, Texas and was a solid finish to a successful first full year of operations," said Chairman and CEO Uzi Yemin.
The limited partner interests in Delek Logistics (Ticker: DKL) ended Tuesday trading at $32.76. They're up almost 10 percent over the past three months.
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