earnings
confidence high
sentiment positive
materiality 0.70
Ensign Q2 EPS $1.22, adj. $1.32; revenue $1.04B up 12.5% YoY; raises FY2024 guidance
ENSIGN GROUP, INC
2024-Q2 EPS reported
$2.41
revenue$2,046,457,000
- GAAP diluted EPS $1.22, adjusted EPS $1.32; net income $71.0M (+11.0% YoY).
- Revenue $1.04B (+12.5% YoY); same facility occupancy 80.8% (+2.8% YoY).
- Raised FY2024 EPS guidance to $5.38-$5.50 from $5.29-$5.47; revenue guidance to $4.20B-$4.22B.
- Added 10 new operations and 6 real estate assets in Q2; 15 operations acquired YTD.
- Cash $477.3M; $573.1M available under line-of-credit.