ENSG - Ensign Non-GAAP EPS of $1.10 in-line revenue of $809.53M beats by $7.22M

February, 02 2023 04:49 PM The Ensign Group Inc.

Ensign press release ( NASDAQ: ENSG ): Q2 Non-GAAP EPS of $1.10 in-line.
Revenue of $809.53M (+16.8% Y/Y) beats by $7.22M .
Consolidated GAAP revenues for the year were $3.025 billion, an increase of $398.5 million or 15.1% over the prior year.
Total skilled services revenue was $2.9 billion for the year, an increase of 15.2% over the prior year, and was $777.6 million for the quarter, an increase of 16.5% over the prior year quarter.
Same store and transitioning occupancy increased by 2.9% and 4.3%, respectively, over the prior year quarter and increased by 1.0% and 0.8%, respectively, sequentially over the third quarter.
Standard Bearer revenue was $19.4 million for the quarter, an increase of 26.0% from prior year quarter, and $72.9 million for the year, an increase of 25.5% from prior year. FFO was $13.0 million for the quarter and $49.5 million for the year.
GAAP net income was $60.5 million and adjusted net income was $62.7 million for the quarter, an increase of 24.1% and 14.1%, respectively, over the prior year quarter.
GAAP net income was $224.7 million and adjusted net income was $235.7 million for the year, an increase of 15.4% and 13.8%, respectively, over the prior year.

For further details see: