---
schema_version: "secwatch.filing_event.v1"
accession: "0002001184-24-000012"
form_type: "8-K"
ticker: "PACS"
cik: "0002001184"
company_name: "PACS Group, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:51:46.640760+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PACS Group Q1 net income $49.1M (+31% YoY), rev $934.7M (+32%); guides FY adj EBITDA $351-361M

## Summary
- GAAP net income $49.1M (+31% YoY), GAAP EPS $0.38 (+31%); revenue $934.7M (+32% YoY).
- Adjusted EBITDA $88.5M (+34% YoY); adjusted EBITDAR $152.5M.
- Total facilities occupancy 91.1%; Medicare daily rate up 11%, Medicaid up 5.3% vs prior year Q1.
- Added 10 operating facilities in Q1 (1,334 skilled nursing, 174 assisted living beds); total operated facilities 218.
- FY2024 guidance: revenue $3.65-3.75B, adjusted EBITDA $351-361M.

## SEC filing metadata
- accession: 0002001184-24-000012
- form_type: 8-K
- ticker: PACS
- cik: 0002001184
- company_name: PACS Group, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2001184/000200118424000012/0002001184-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2001184/000200118424000012/pacs-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002001184-24-000012
- JSON: https://secwatch.observer/filing/0002001184-24-000012.json
- Plain text: https://secwatch.observer/filing/0002001184-24-000012.txt

## Key facts
- Earnings Releases
  PACS Group, Inc. reported first quarter of 2024 results: revenue $934.7 million, net income $49.1 million, EPS $0.38. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $934.7 million
  - Net income: $49.1 million
  - EPS: $0.38
  - Guidance: reaffirmed
  - Result: reported results
  source text: of 31.0% over the prior year quarter. • GAAP net income was $49.1 million, an increase of 30.7 % over the prior year quarter. • Consolidated GAAP revenue for the quarter was $934.7 million, an increase of 31.9% over the prior year quarter. • EBITDA and Adjusted EBITDA for the quarter was $96.3 million and $88.5 million, representing increases of 47.0% and 34.0%,
  evidence_url: https://www.sec.gov/Archives/edgar/data/2001184/000200118424000012/0002001184-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.