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The Ensign Group, Inc. Reports Third Quarter 2008 Earnings; Reaffirms 2008 Guidance
Date:10/30/2008

,466 $19,650 $14,298

Interest expense, net 944 1,013 2,459 2,664

Provision for income taxes 4,039 2,447 12,582 9,047

Depreciation and amortization 2,350 1,818 6,513 5,004

EBITDA 14,184 9,744 41,204 31,013

Facility rent-cost of services 3,282 4,177 11,229 12,511

EBITDAR $17,466 $13,921 $52,433 $43,524

Discussion of Non-GAAP Financial Measures

EBITDA consists of net income before (a) interest expense, net, (b) provisions for income taxes, and (c) depreciation and amortization. EBITDAR consists of EBITDA before facility rent-cost of services. The Company believes that the presentation of EBITDA and EBITDAR provides important supplemental information to management and investors to evaluate the Company's operating performance. These non-GAAP financial measures should not be relied upon to the exclusion of GAAP financial measures. For further information regarding why the Company believes that these non-GAAP measures provide useful information to investors, the manner in which management uses these measures, and some of the limitations associated with the use of these measures, please refer to the Company's Report on Form 10-Q filed today with the SEC. The Form 10-Q is available on the SEC's website at http://www.sec.gov or under the "Financial Information" link of the Investor Relations section of Ensign's website at http://www.ensigngroup.net.


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SOURCE The Ensign Group, Inc.
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