The Ensign Group, Inc. reported financial results for the third quarter ended September 30, 2026, filing an -K with the SEC on October 27, 2026. The company reported GAAP diluted earnings per share of $1.76 for the quarter, an increase of 23.9% compared to the prior year quarter. Adjusted earnings per share were reported at $2.03, representing a 23.8% increase over the prior year quarter. GAAP net income for the quarter was $104.3 million, up 24.4% from the prior year, while adjusted net income was $120.5 million, up 24.9%.
Consolidated revenue for the quarter was $1.48 billion, a 14.5% increase over the prior year. Same Facilities and Transitioning Facilities occupancy rates were 84.1% and 86.1%, respectively, increases of 1.6% and 3.9% over the prior year. Revenue from skilled mix increased by 10.7% for Same Facilities and 10.5% for Transitioning Facilities. Medicare revenue improved by 11.1% for Same Facilities and 7.8% for Transitioning Facilities. The company also reported Funds from Operations (FFO) of $27.3 million for the quarter, a 41.3% increase over the prior year.
Ensign Group raised its 2026 annual earnings guidance to a range of $7.94 to $8.02 per diluted share, up from the previous guidance of $7.75 to $7.85. The company also raised the lower end of its annual revenue guidance to $5.89 billion while maintaining the upper end at $5.92 billion. The midpoint of the new earnings guidance represents a 21.5% increase over 2025 and 45.5% growth over 2024.
During the quarter and since, the company accelerated its growth by adding 22 new operations, including three real estate assets and 19 leased operations. Since 2024, the company has successfully transitioned 122 new operations. The company’s liquidity remains strong with approximately $337.6 million of cash on hand and $731.6 million of available capacity under its line of credit. The guidance assumes diluted weighted average common shares outstanding of approximately 59.5 million and a 25.0% tax rate.
