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Investing.com -- Acadia Healthcare Company, Inc. (NASDAQ:ACHC) reported first-quarter earnings that exceeded analyst expectations, driving shares up 5.6% in response to the news.
The behavioral healthcare services provider announced adjusted earnings per share of $0.40 for Q1 2025, surpassing the analyst consensus of $0.39. Revenue for the quarter came in at $770.5 million, slightly below the estimated $777.25 million but up from $768.1 million in the same quarter last year.
Acadia’s same facility revenue increased 2.1% YoY, including a 2.2% rise in patient days. The company noted that both metrics were unfavorably impacted by approximately 1.1% due to the leap year effect.
Chris Hunter, CEO of Acadia, commented, "We are pleased to deliver first quarter results for both revenue and Adjusted EBITDA in line with our respective outlook ranges, with Adjusted EBITDA coming in at the high end of our expectations for the quarter."
The company added 378 newly licensed beds during the quarter, including 90 beds to existing facilities and 288 beds from newly constructed facilities. Acadia also expanded its network of comprehensive treatment centers to 170 across 33 states.
For the full year 2025, Acadia affirmed its previously announced guidance, projecting revenue between $3.3 billion and $3.4 billion. This outlook aligns with the analyst consensus of $3.34 billion.
The company’s strong performance and positive outlook appear to have resonated with investors, as reflected in the 5.6% stock price increase following the earnings release.
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