Conference Call and Webcast Scheduled for May 8, 2008 at 2:00 pm ET
MISSION VIEJO, Calif., May 7 /PRNewswire-FirstCall/ -- The Ensign
Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of
skilled nursing, rehabilitative care services and assisted living
companies, today reported results for the first quarter of fiscal year
2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO)
Highlights of the First Quarter Include:
-- Organic revenue was up 13.1%, total revenue was up 16.1% and skilled
revenue was up 24.1% over the first quarter of 2007;
-- EBITDAR was up 28.9% to $17.3 million vs. $13.4 million in the first
quarter of 2007;
-- EBITDAR margins rose 150 basis points to 15.2% vs. 13.7% in the first
quarter of 2007, and same-store EBITDAR margins rose 176 basis points
to 15.6%;
-- EBITDA was up 43.6% to $13.3 million vs. $9.2 million in the first
quarter of 2007;
-- Same store occupancy rose 147 basis points to 79.8% of licensed beds,
and 168 basis points to 83.0% of operational beds;
-- Maturing 2006 acquisitions led the census jump, with an increase of 420
basis points in occupancy in operational beds;
-- Quality mix was 56.3% vs. 54.3% in the prior year's first quarter;
-- Consolidated net income was up 53.1% to $6.3 million vs. $4.1 million
in the first quarter of 2007; and
-- Fully diluted earnings per share was $0.31 vs. $0.24 a year ago.
Operating Results
For the quarter ended March 31, 2008, total revenue was $113.8 million,
up 16.1% compared to $98.
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