Acadia Healthcare Q2 revenue up 8.8% to $796M; adj. EPS $0.91 provides updated 2024 guidance

Acadia Healthcare Company, Inc.

2024-Q2 EPS reported $1.68 revenue$1,564,091,000

Revenue $796.0M (+8.8% YoY); same-facility revenue +8.3% (patient days +2.6%, revenue/patient day +5.6%).
Net income $78.5M ($0.85 diluted EPS); adjusted income $83.6M ($0.91 diluted EPS).
Adjusted EBITDA $187.6M (+7.6% YoY).
Added 37 beds to existing facilities; opened a 100-bed de novo facility in Mesa, AZ.
Company updated its 2024 financial guidance (details in press release).

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