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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.
Ensign Group
Ensign Group
Ensign Group Revenue by Segment
Revenue by Segment
Skilled Services Revenue
CapyFin.comStandard Bearer Revenue
CapyFin.com 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