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Jun 30, 2022
Ensign Group Q2 2022 Earnings Report
Reported GAAP diluted earnings per share and adjusted earnings per share of $1.01 and consolidated GAAP revenues and adjusted revenues of $732.5 million.
Key Takeaways
The Ensign Group reported a strong second quarter in 2022, with GAAP diluted earnings per share and adjusted earnings per share of $1.01. Consolidated GAAP revenues and adjusted revenues reached $732.5 million, a 14.7% increase year-over-year. The company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.
GAAP diluted earnings per share and adjusted diluted earnings per share for the quarter was $1.01, representing an increase of 16.1% and 13.5%, respectively, over the prior year quarter.
Consolidated GAAP revenues and adjusted revenues for the quarter were $732.5 million, an increase of 14.7% over the prior year quarter.
Same store and transitioning occupancy increased by 1.8% and 6.4%, respectively, over prior year quarter and increased by 0.7% and 1.8%, respectively, both sequentially over the first quarter.
Given the strength in occupancies and the improvement in labor, the company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.
Revenue by Segment
Forward Guidance
The company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.
Positive Outlook
- Occupancies are strong.
- Labor is improving.
- Annual 2022 earnings guidance is raised to $4.05 to $4.15 per diluted share.
- Annual revenue guidance is raised to $2.96 billion to $3.0 billion.
- New midpoint of this 2022 earnings guidance represents an increase of 13% over 2021 results and is 31% higher than 2020 results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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