Ensign Group Q4 2019 Earnings Report
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.
Ensign Group
Ensign Group
Ensign Group 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income