Genesis HealthCare Reports Q1 Adj. EPS Of $0.07 - Quick Facts

(RTTNews) - Genesis HealthCare (GEN), one of the largest post-acute care providers in the United States, reported a net loss to company of $112.6 million or $1.50 per share for the quarter ended March 31, 2015. The company noted that its GAAP loss from continuing operations of $118.4 million in the quarter included $86.1 million of transaction costs incurred in connection with the Skilled Healthcare combination and other transactions. Adjusted earnings per share was $0.07, for the quarter.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

The company generated pro forma EBITDAR and EBITDA growth of 6.5% and 11.6%, respectively.

Revenue increased to $1.34 billion from $1.19 billion last year. Revenue increased 13.2% over the prior year quarter, principally due to the combination with Skilled Healthcare in February of 2015. Assuming Genesis and Skilled Healthcare were fully combined in all periods presented, adjusted revenue of $1.40 billion in the current quarter would have increased 0.7% over the prior year quarter. Analysts expected revenue of $1.40 billion for the quarter.

The company reaffirmed its 2015 adjusted EBITDAR guidance of $755.0 million to $770.0 million and adjusted EBITDA of $267.6 million to $282.6 million. The company adjusted its 2015 adjusted net income from continuing operations from a range of $0.34 to $0.39 per share to a revised range of $0.29 to $0.34 per share. Analysts expect the company to report fiscal 2015 earnings per share of $0.29.