Conference Call and Webcast Scheduled for August 7, 2008 at 2:00 pm ET
MISSION VIEJO, Calif., Aug. 6 /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 record results for the second quarter of fiscal year 2008.
Second Quarter Highlights Include:
-- Organic revenue was $113.3 million, up 13.0% over the second quarter of 2007; and total revenue was a record $115.3 million, up 15.0% over the prior year;
-- Skilled revenue for the quarter increased 28.5% to $52.5 million, as skilled mix improved 480 basis points to 47.7%;
-- Census climbed, with operational occupancy increasing to 81.0% overall and 81.5% same-store, an increase of 80 basis points in same-store over the second quarter of 2007;
-- EBITDAR improved 9.2% to $17.7 million, compared to $16.2 million in 2007;
-- EBITDA improved 14.3% to $13.8 million, compared to $12.0 million in 2007;
-- Consolidated net income was a record $6.5 million, compared to $5.7 million the year before, an overall improvement of 14.5%; and
-- Management raised revenue guidance for the year from the previous range of $454 million to $458 million to $463 million to $467 million, and earnings per share guidance from the previous range of $1.27 to $1.32 to a new range of $1.30 to $1.35.
Commenting on the results, Ensign President and Chief Executive Officer
Christopher Christensen said, "Although seasonal factors h
|SOURCE The Ensign Group, Inc.|
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