UnitedHealth Group to Discuss Business Outlook at Investor Conference
December 02 2019 - 4:15PM
Business Wire
UnitedHealth Group (NYSE: UNH) will host its annual Investor
Conference with analysts and institutional investors in New York
City on Tuesday, December 3, 2019, beginning at 8:00 a.m. EST.
Throughout the day, the Company’s leaders will discuss new and
developing technologies, products and services focused on better
integrating clinical information, and services aimed at increasing
health system performance. Management will also provide an overview
of the Company’s outlook for growth and performance for 2020 and
beyond.
The Company will livestream the presentation and management
question and answer portions of this meeting and will make
conference materials available on its Investors page at
www.unitedhealthgroup.com at 6:45 a.m. EST. A replay of the
conference will be available on the Company web site.
In conjunction with the meeting, the Company will discuss its
financial outlook. Revenues for 2019 are expected to approximate
$242 billion, with net earnings to approach $14.25 per share and
adjusted net earnings to approach $15.00 per share, at the higher
end of the Company’s most recent earnings per share outlook
provided with its third quarter 2019 earnings release. Adjusted net
earnings exclude from net earnings only the after-tax non-cash
amortization expense pertaining to acquisition-related intangible
assets.
UnitedHealth Group will also introduce its 2020 outlook,
including revenues of $260 billion to $262 billion, net earnings of
$15.45 to $15.75 per share, and adjusted net earnings of $16.25 to
$16.55 per share. Cash flows from operations are expected to range
from $19.0 billion to $19.5 billion in 2020.
About UnitedHealth Group
UnitedHealth Group (NYSE: UNH) is a diversified health care company
dedicated to helping people live healthier lives and helping make
the health system work better for everyone. UnitedHealth Group
offers a broad spectrum of products and services through two
distinct platforms: UnitedHealthcare, which provides health care
coverage and benefits services; and Optum, which provides
information and technology-enabled health services. For more
information, visit UnitedHealth Group at www.unitedhealthgroup.com
or follow @UnitedHealthGrp on Twitter.
Non-GAAP Financial
Information This news release presents non-GAAP
financial information provided as a complement to the results
provided in accordance with accounting principles generally
accepted in the United States of America (“GAAP”). Adjusted net
earnings exclude amortization expense of approximately $1.00 and
$1.05 per share and the related tax impact of $0.25 and $0.25 per
share for the years ending December 31, 2019 and 2020,
respectively, pertaining to acquisition-related intangible
assets.
Forward-Looking Statements
The statements, estimates, projections, guidance or outlook
contained in this document include “forward-looking” statements
which are intended to take advantage of the “safe harbor”
provisions of the federal securities law. The words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “forecast,”
“outlook,” “plan,” “project,” “should” and similar expressions
identify forward-looking statements. These statements may contain
information about financial prospects, economic conditions and
trends and involve risks and uncertainties.
Actual results could differ materially from those that
management expects, depending on the outcome of certain factors
including: our ability to effectively estimate, price for and
manage medical costs; new or changes in existing health care laws
or regulations, or their enforcement or application; the DOJ’s
legal action relating to the risk adjustment submission matter; our
ability to maintain and achieve improvement in quality scores
impacting revenue; reductions in revenue or delays to cash flows
received under government programs; changes in Medicare, the CMS
star ratings program or the application of risk adjustment data
validation audits; cyber-attacks, other privacy/data security
incidents, or our failure to comply with related regulations; risks
and uncertainties associated with the pharmacy benefits management
industry; competitive pressures; changes in or challenges to our
public sector contract awards; our ability to contract on
competitive terms with physicians, hospitals and other service
providers; failure to achieve targeted operating cost productivity
improvements; increases in costs and other liabilities associated
with litigation, government investigations, audits or reviews;
failure to manage successfully our strategic alliances or complete
or receive anticipated benefits of strategic transactions;
fluctuations in foreign currency exchange rates; downgrades in our
credit ratings; our investment portfolio performance; impairment of
our goodwill and intangible assets; failure to maintain effective
and efficient information systems or if our technology products do
not operate as intended; and our ability to obtain sufficient funds
from our regulated subsidiaries or from external financings to fund
our obligations, maintain our debt to total capital ratio at
targeted levels, maintain our quarterly dividend payment cycle, or
continue repurchasing shares of our common stock.
This above list is not exhaustive. We discuss these matters, and
certain risks that may affect our business operations, financial
condition and results of operations more fully in our filings with
the SEC, including our reports on Forms 10-K, 10-Q and 8-K. By
their nature, forward-looking statements are not guarantees of
future performance or results and are subject to risks,
uncertainties and assumptions that are difficult to predict or
quantify. Actual results may vary materially from expectations
expressed or implied in this document or any of our prior
communications. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. We do not undertake to update or revise any
forward-looking statements, except as required by law.
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Brett Manderfeld Senior Vice President 952-936-7216
Media: Matt Stearns Senior Vice President
202-276-0085
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