earnings
confidence high
sentiment positive
materiality 0.80
Acadia Healthcare Q1 revenue up 11.9% to $616.7M; reaffirms FY2022 guidance
Acadia Healthcare Company, Inc.
2022-Q1 EPS reported
$0.67
revenue$616,653,000
- Revenue $616.7M (+11.9% YoY); same-facility revenue +8.6% on 6.2% higher revenue per patient day and 2.2% more patient days.
- Adjusted EBITDA $135.5M vs $119.5M YoY; net income $60.8M ($0.67 diluted EPS); adjusted EPS also $0.67.
- Affirms FY2022 guidance: revenue $2.55-2.60B, Adj. EBITDA $575-610M, adj. EPS $2.85-3.15.
- New CEO Chris Hunter notes strong start; added 28 beds in Q1, plans ~300 beds in 2022, six de novo CTCs and JV openings.
- Balance sheet: $140.4M cash, net leverage ~2.3x, $440M available on revolver; repaid $10M on credit facility.