The Ensign Group Reports Fourth Quarter and Fiscal Year 2021 Results; Issues 2022 Guidance

About this update from The Ensign Group, Inc.

[{"type":"text","content":"Conference Call and Webcast scheduled for tomorrow, February 10, 2022 at 10:00 am PT\nSAN JUAN CAPISTRANO, Calif., Feb. 09, 2022 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the fourth quarter and fiscal year 2021, reporting GAAP diluted earnings per share of $0.86 and $3.42 for the quarter and year ended December 31, 2021, respectively. Ensign reported a record adjusted earnings per share(1) of $0.97 and $3.64 for the quarter and the 2021 year, respectively. Highlights Include: GAAP diluted earnings per share for the quarter was $0.86, representing an increase of 4.9% over the prior year quarter. Adjusted diluted earnings per share for the quarter was $0.97, an increase of 21.3%(1) over the prior year quarter.GAAP diluted earnings per share for the year was $3.42, representing an increase of 11.8% over the prior year, and adjusted diluted earnings per share for the year was $3.64, an increase of 16.3%(1) over the prior year.Consolidated GAAP revenues and adjusted revenues(1) for the year were both $2.6 billion, an increase of 9.5% over the prior year.Total skilled services(2) segment income increased to $373.6 million and $100.2 million, or 14.0% and 19.1% over the prior year and the prior year quarter, respectively.Same store and transitioning occupancy increased by 3.0% and 6.8%, respectively, from prior year quarter and same store and transitioning occupancy increased by 0.4% and 1.7%, respectively, both sequentially over the third quarter.Same store and transitioning managed care census increased by 23.0% and 33.6%, respectively, over the prior year quarter and same store and transitioning managed care census increased by 3.8% and 10.0%, respectively, sequentially over the prior quarter.Real estate (2) segment income was $36.0 million for the year, an increase of 14.9% over the prior year, and $9.4 million for the quarter, an increase of 7.3% over the prior year quarter. FFO was $55.7 million for the year, an increase of 12.5% over the prior year, and $14.7 million for the quarter, an increase of 10.2% from the prior year quarter.GAAP net income was $194.7 million for the ...

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