Tuesday, Skilled Healthcare Group, Inc. (SKH) reported a profit for the second quarter compared with loss in the prior-year quarter, meeting analysts' estimates. Profit for the quarter reflected better performance at long-term care services segment for healthcare facilities acquired last year. The company also raised its earnings guidance for the fiscal year while maintaining revenue outlook. Second quarter net income attributable to common stockholders was $8.9 million or $0.24 per share compared with net loss of $4.1 million or $0.18 per share in the prior-year quarter.
Net income for the second quarter stood at $8.9 million compared with net loss of $1.55 million in the prior-year quarter.
Earnings excluding interest, taxes, depreciation and amortization, or Adjusted EBITDA stood at $28.9 million in the second quarter, an increase of $3.8 million or 15.1%, over prior year.
Quarterly Revenue totaled $180.3 million, an increase of 19.3% from $151.1 million prior year.
Analysts polled by First Call/Thomson Financial expected earnings of $0.24 per share on revenues of $181.88 million for the quarter.
For the quarter, Revenues increased 20.4% to $159.0 million from long-term care services segment resulted from healthcare facilities acquired last year, comprising skilled nursing and assisted living facilities. Revenues in the second quarter from Skilled Healthcare's ancillary services segment increased 12.6% to $21.4 million , resulted from the acquisition of two hospice businesses in New Mexico, comprising rehabilitation therapy and hospice services.
For the first six months, Skilled Healthcare reported net income attributable to common stockholders of $17.4 million, or $0.47 per share compared with net loss $4.3 million or $0.24 per share last year. Revenues for the period totaled $361.1 million compared with $295.7 prior year. Revenues from Skilled Healthcare's long-term care services segment were $317.8.
Looking ahead, Skilled Healthcare also increased its fiscal year earnings guidance and now expects net income in the range of $36 million to $38 million or $0.98 to $1.03 per share compared with previous EPS guidance of $0.95 to $1.00 per share. The company still expects revenue to be between $730 million and $740 million.
Analysts expect earnings of $0.98 per share on revenue of $739 million for the year.
The stock is currently trading down by 3.10% at 15.01 on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.