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Dec 31, 2024
Ensign Group Q4 2024 Earnings Report
Ensign Group reported strong Q4 2024 results with significant increases in net income, adjusted net income, and diluted earnings per share, alongside growth in skilled services revenue and occupancy rates.
Key Takeaways
The Ensign Group, Inc. announced robust operating results for the fourth quarter of 2024, with GAAP diluted earnings per share of $1.36 and adjusted earnings per share of $1.49. The company saw substantial increases in net income and revenue compared to the prior year quarter, driven by strong performance in skilled services and strategic acquisitions.
GAAP net income for Q4 2024 increased by 267.4% over the prior year quarter to $79.7 million.
Adjusted net income for Q4 2024 increased by 18.9% over the prior year quarter to $87.6 million.
Total skilled services revenue for Q4 2024 was $1.1 billion, an increase of 15.1% over the prior year quarter.
Same Facilities and Transitioning Facilities occupancy for Q4 2024 increased by 2.3% and 4.7%, respectively, over the prior year quarter.
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 annual 2025 earnings guidance with diluted earnings per share expected to be between $6.16 and $6.34, and annual revenue guidance between $4.83 billion and $4.91 billion. The midpoint of this guidance represents a 13.8% increase over 2024 results.
Positive Outlook
- Continued strong performance and momentum in existing markets.
- Anticipated continued growth through strategic acquisitions.
- Robust bench of talent supporting ongoing expansion.
- Commitment to managing and innovating while integrating new operations.
- Well-positioned for another outstanding year in 2025 due to organizational health, culture, and local leadership strategy.
Challenges Ahead
- Guidance assumes normalized health insurance costs.
- Guidance assumes current expectations regarding reimbursement rates.
- Excludes certain charges arising outside the normal course of business.
- Excludes acquisition-related costs.
- Excludes share-based compensation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income