The Ensign ( (ENSG) ) has released its Q4 earnings. Here is a breakdown of the information The Ensign presented to its investors.
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The Ensign Group, Inc. is a company that operates in the post-acute healthcare sector, focusing primarily on skilled nursing and senior living facilities across several states in the U.S., with an investment strategy that includes acquiring and managing healthcare real estate.
In its latest earnings report for the fiscal year and fourth quarter of 2024, The Ensign Group announced a significant increase in earnings, with GAAP diluted earnings per share reaching $5.12 for the year, marking a 40.3% increase from the previous year. The company also issued its 2025 earnings guidance, reflecting anticipated growth.
Key financial highlights from the report include a 42.3% increase in GAAP net income for the year, reaching $298 million, and a remarkable 267.4% increase for the quarter. The company saw improved occupancy rates and managed care days, which contributed to a 14.2% increase in consolidated revenues for the year. Additionally, Ensign expanded its portfolio by adding 64 new operations since 2023, reflecting its growth strategy.
The company remains optimistic about its future, with management expressing confidence in continuing to capture growth opportunities and improve existing operations. The 2025 earnings guidance suggests a positive outlook, with expectations for further revenue and earnings per share growth.
