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The Ensign Group, Inc. Reports Second Quarter 2008 Earnings of $.32 per Diluted Share and Raises 2008 Guidance
Date:8/6/2008

s filed today, for a more complete discussion of the risks and other factors that could affect Ensign's business, prospects and any forward-looking statements. Except as required by the federal securities laws, Ensign does not undertake 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.

Condensed Consolidated Statements of Income

(in thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Revenue $115,318 $100,269 $229,097 $198,247

Expense:

Cost of services (exclusive of

facility rent and depreciation

and amortization shown separately

below) 92,633 80,154 184,067 161,001

Facility rent-cost of services 3,948 4,178 7,947 8,333

General and administrative expense 4,971 3,898 10,063 7,644

Depreciation and amortization 2,173 1,654 4,163 3,186

Total expenses 103,725 89,884 206,240 180,164

Income from operations 11,593 10,385 22,857 18,083

Other income (expense):

Interest expense (1,169) (1,180) (2,370) (2,349)

Interest income 372 306 855 698

Other expense, net (797) (874) (1,515) (1,651)

Income before provision for income

taxes 10,796 9,511 21,342 16,432

Provision for income taxes 4,277 3,816 8,489 6,6
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SOURCE The Ensign Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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