earnings
confidence high
sentiment positive
materiality 0.75
Ensign Group Q2 EPS $1.12, adj EPS $1.16; raises FY2023 guidance
ENSIGN GROUP, INC
2023-Q2 EPS reported
$2.17
revenue$1,808,186,000
- GAAP net income $64.0M, adj net income $66.3M; GAAP diluted EPS $1.12, adj EPS $1.16 (+14.9% YoY).
- Total skilled services revenue $884.2M, up 25.9% YoY; same-store occupancy up 4.0% YoY to 78.5%.
- Same-store skilled revenue +8.8% YoY; managed care revenue +12.2%, managed care census +8.2%.
- FY2023 EPS guidance raised to $4.70-$4.78 from $4.64-$4.77; revenue guidance $3.69B-$3.73B.
- Ended Q2 with $420M cash and $593.3M available on revolver; liquidity remains strong.