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Dec 31, 2023
Ensign Group Q4 2023 Earnings Report
Ensign Group reported Q4 2023 results with revenue increase and earnings per share.
Key Takeaways
Ensign Group reported a strong Q4 2023, with consolidated GAAP revenue of $980.4 million, a 21.1% increase over the prior year quarter. GAAP diluted earnings per share was $0.38, and adjusted diluted earnings per share was $1.28, a 16.4% increase over the prior year quarter. The company's same store occupancy was 79.9%, a 2.4% increase over the prior year quarter.
Consolidated GAAP revenue increased by 21.1% year-over-year to $980.4 million.
GAAP diluted earnings per share was $0.38, which includes the impact of certain litigation matters arising outside the ordinary course of business.
Adjusted diluted earnings per share increased by 16.4% year-over-year to $1.28.
Same store occupancy increased by 2.4% over the prior year quarter, reaching 79.9%.
Ensign Group
Ensign Group
Ensign Group Revenue by Segment
Revenue by Segment
Skilled Services Revenue
CapyFin.comStandard Bearer Revenue
CapyFin.com Forward Guidance
The Ensign Group is issuing its annual 2024 earnings guidance of $5.29 to $5.47 per diluted share and annual revenue guidance of $4.13 billion to $4.17 billion.
Positive Outlook
- 2024 earnings guidance represents an increase of 13% over 2023 results.
- 2024 earnings guidance is 30% higher than 2022 results.
- Company is well-positioned to have another outstanding year in 2024.
- Pipeline for new deals remains strong.
- Company has over a billion dollars in dry powder for future investments.
Challenges Ahead
- Guidance excludes one-time charges, including certain expenses related to litigation matters arising outside of the ordinary course of business.
- Guidance excludes acquisition-related costs.
- Guidance excludes amortization costs related to intangible assets acquired and share-based compensation.
- The company is unable to predict the full extent and duration of the financial impact of these changes on our business, financial condition and results of operations
- There are risks and uncertainties related to the Company’s business, its industry and its common stock
Revenue & Expenses
Visualization of income flow from segment revenue to net income