Pediatric physician sub-specialty and anesthesia services provider MEDNAX, Inc. (MD) reported Monday an increase in third-quarter profit that surpassed the Street view, reflecting contributions from acquisitions, same-unit revenue growth and operating efficiencies. The company currently projects earnings for the fourth quarter to come in above the Analysts' estimate.
For the third quarter, net income rose to $48.13 million or $1.03 per share from $37.39 million or $0.81 per share in the same period previous year. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.96 per share in the third quarter. Analysts' estimate typically excludes special items.
Income from operations improved 26% to $78.3 million from $62.2 million for the corresponding three-month period in the corresponding period last year.
Net patient service revenue for the quarter surged 24% to $331.27 million from $267.18 million. Ten analysts were expecting revenue of $324.21 million in the third quarter.
Same-unit revenue grew 7.4% year-over-year, including patient volume growth across all of the company's physician specialties and sub-specialties of 4.8% and growth of 2.6% pertaining to reimbursement factors.
MEDNAX revealed that higher reimbursement for services covered under third-party commercial payor programs accounted for the growth in same-unit revenue in the latest quarter.
For the nine-month period, net income dipped to $125.40 million or $2.71 per share from $130.22 million or $2.74 per share in fiscal 2008. Revenues grew 24% to $954.97 million from $770.46 million in the same period last year.
Looking ahead, for the fourth quarter, MEDNAX expects fourth-quarter earnings to range between $0.95 - $1.01 per share. Ten analysts currently forecast earnings of $0.94 a share for the quarter.
MD closed Friday's regular trading hours at $51.92 on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.