Capital Senior Living Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Cffo Guidance for the Third Quarter of 2015
Aug 4 15
Capital Senior Living Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $101,588,000 compared to revenue of $93,425,000 in the second quarter of 2014. Income from operations was $3,680,000 against $3,149,000 a year ago. Loss before provision for income taxes was $5,047,000 against $9,629,000 a year ago. Net loss was $5,166,000 against $9,819,000 a year ago. Basic and diluted net loss per share was $0.18 against $0.34 a year ago. Adjusted EBITDAR was $35,707,000 against $32,159,000 a year ago. Adjusted revenue was $97,160,000 against $90,430,000 a year ago. Adjusted net income was $248,000 against $17,000 a year ago. Adjusted net income per share was $0.01 against $0.00 a year ago. Adjusted CFFO was $11,708,000 or $0.41 per share against $9,573,000 or $0.34 per share a year ago.
For the six months, the company reported total revenues of $200,228,000 against $185,282,000 a year ago. Income from operations was $7,398,000 against $5,764,000 a year ago. Loss before provision for income taxes was $10,647,000 against $14,086,000 a year ago. Net loss was $11,205,000 against $14,466,000 a year ago. Basic and diluted net loss per share was $0.38 against $0.50 a year ago. Net cash provided by operating activities was $18,319,000 against $15,240,000 a year ago. Capital expenditures were $13,540,000 against $7,887,000 a year ago. Adjusted revenue was $191,445,000 against $179,270,000 a year ago. Adjusted EBITDAR was $69,833,000 against $62,918,000 a year ago. Adjusted net income was $969,000 against $218,000 a year ago. Adjusted net income per share was $0.03 against $0.01 a year ago. Adjusted CFFO was $22,223,000 or $0.78 per share against $17,964,000 or $0.64 per share a year ago.
For the third quarter, the company expects reduction of $0.04 per share of CFFO as compared to second quarter due to additional expenses.