DaVita sees non-GAAP EPS as high as $7.25 in 2022

DaVita (NYSE:DVA) updated investors this morning on its business and outlook for the next few years. Key points:

2022 guidance: Revenue: $11.5B – 12.5B; non-GAAP EPS: $6.25 – 7.25; free cash flow: $750M – 1,000M. Operating income margin: 13 – 14%. CAPEX: $600M – 700M (down from $902M in 2018 due to fewer in-center startups).

Expected non-acquired volume growth: 1.5 – 2.5%.

Anticipated Medicare reimbursement growth/year: 1.5 – 2.0%.

2020 non-GAAP EPS outlook: $5.00 – 5.50.

Slide presentation

https://seekingalpha.com/news/3498256-davita-sees-non-gaap-eps-high-7_25-2022