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Dec 31, 2019
Ensign Group Q4 2019 Earnings Report
Ensign Group reported record GAAP diluted earnings per share and adjusted earnings per share for Q4 2019.
Key Takeaways
Ensign Group reported a record quarter with GAAP diluted earnings per share of $0.49 and adjusted earnings per share of $0.60. The company's performance benefited from improvements in occupancy and skilled mix days and revenue across same store, transitioning, and newly acquired operations. Management raised 2020 annual EPS guidance to $2.50-$2.58 and revenue guidance to $2.42B-$2.45B.
GAAP diluted earnings per share for the quarter was $0.49, representing a 48.5% increase over the prior year quarter.
Spin-adjusted diluted earnings per share for the fourth quarter was $0.60, an increase of 39.5% from prior year quarter and an increase of 33.3% sequentially over the third quarter.
Total skilled services revenue was $530.2 million for the quarter, an increase of 20.0% over the prior year quarter and 9.1% sequentially over the third quarter.
Same store occupancy was 80.3%, an increase of 216 basis points over the prior year; and same store skilled managed care and Medicare revenue was up 8.4% and 4.9%, respectively.
Revenue by Segment
Forward Guidance
Management raised guidance for 2020, with annual earnings per share guidance to $2.50 to $2.58 per diluted share and annual revenue guidance to $2.42 billion to $2.45 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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