ENSG Notes:
EPS Release 10/30/08\
Q3 revenue $116.3 mil – up 11.8% y/y… Net Income $6.8 mil versus 4.5 mil last year (52.2%) – EPS $0.33 versus $0.21
Finished quarter with 56.4 mil in cash
Economic conditions do not keep company from performing well
California delay in budget meant that some facilities did not get standard increase – should be remedied and applied retroactively
Low debt rate leaves company well positioned for economic downturn
Reaffirmed 2008 guidance: Revenue 463-467 mil – EPS $1.30-1.35
10/28 Acquired 4 facilities in Texas and California for $10.4 mil (IPO proceeds funded – immediately accretive)
Total long-term debt $60 mil
Press Release 1/5/09
New acquisitions bring portfolio to 65 facilities (33 owned, 32 leased – 9 of the leased properties have purchase options)