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The Ensign Group, Inc. Reports Fourth Quarter 2007 Earnings

dertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

Consolidated Statements of Income

(in thousands, except per share data)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

Revenue $108,979 $97,509 $411,318 $358,574


Cost of services

(exclusive of facility

rent and depreciation

and amortization shown

separately below) 87,837 78,705 335,014 284,847

Facility rent-cost of

services 4,164 4,144 16,675 16,404

General and

administrative expense 4,307 3,739 15,945 14,210

Depreciation and

amortization 1,962 1,360 6,966 4,221

Total expenses 98,270 87,948 374,600 319,682

Income from operations 10,709 9,561 36,718 38,892

Other income (expense):

Interest expense (1,206) (919) (4,844) (2,990)

Interest income 584 272 1,558 772

Other expense, net (622) (647) (3,286) (2,218)

Income before provision

for income taxes 10,087 8,914 33,432 36,674

Provision for income

taxes 3,858 3,564 12,905 14,125

Net income $6,229 $5,350 $20,527 $22,549

Net income per share:

Basic $0.35 $0.39

SOURCE The Ensign Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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