National Research Corporation, operating as NRC Health, has reported a significant increase in sales for the second quarter of 2023. The company’s sales rose by 53% compared to the same quarter in 2022, driven by the expansion of its sales and marketing resources. NRC Health has been successful in building its sales pipeline, which resulted in strong sales growth during the quarter.
The company attributes its sales growth to the consistent expansion of its Human Understanding Program. This program has been adopted by 39 healthcare organizations as of June 30, 2023. NRC Health’s commitment to humanize healthcare and understand each unique individual has led to strong outcomes for patients and healthcare systems.
NRC Health has also been focused on aligning its cost structure with its current revenue level to increase operating margins. The company has seen improvements in operating margins in the second quarter compared to the first quarter and plans to continue making changes to achieve margin expansion in future quarters.
The Board of Directors of NRC Health has maintained its capital allocation priorities for 2023. The company will continue to invest in innovation and growth, including merger and acquisition activities, as well as internal projects. Additionally, NRC Health will allocate funds for shareholder dividends and share repurchases.
While NRC Health has experienced strong sales growth, diluted earnings per share decreased to $0.29 for the second quarter of 2023, down from $0.33 for the same period in 2022.
NRC Health’s second-quarter conference call will be available for live simulcast on August 2, 2023. A replay will be available online approximately one hour after the conference call and will continue for 30 days.
NRC Health has been a leader in humanizing healthcare for over 40 years. The company’s patient-focused approach, market research, and emphasis on consumer preferences have transformed the healthcare experience, delivering positive outcomes for patients and healthcare systems.
Disclaimer: This article contains forward-looking statements. Actual results may differ materially from those set forth in the forward-looking statements due to various factors. Please refer to the Risk Factors section of NRC Health’s Annual Report on Form 10-K for more information.
For more information about NRC Health, please contact info@nrchealth.com or visit www.nrchealth.com.
