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Investing.com -- Acadia Healthcare Company, Inc. (NASDAQ:ACHC) reported second quarter earnings that exceeded analyst expectations, but shares tumbled 3.5% as the company’s full-year guidance midpoint fell below consensus estimates and its Chief Financial Officer announced her departure.
The behavioral healthcare provider reported adjusted earnings of $0.83 per share for the second quarter, surpassing the analyst estimate of $0.70. Revenue reached $869.2 million, exceeding the consensus estimate of $840.42 million and representing a 9.2% increase compared to the same quarter last year.
Acadia updated its full-year 2025 guidance, projecting earnings per share of $2.45 to $2.65, with the $2.55 midpoint falling below the analyst consensus of $2.62. The company expects revenue between $3.3 billion and $3.35 billion, with the midpoint slightly below the consensus estimate of $3.34 billion.
"Our results for the second quarter of 2025 reflect solid execution of our growth strategy as we continued to address the critical demand for behavioral health services in the United States," said Chris Hunter, Chief Executive Officer of Acadia.
Same facility revenue increased 9.5% YoY, driven by a 7.5% increase in revenue per patient day and a 1.8% rise in patient days. The company added 101 beds to existing facilities during the quarter, bringing the total to 191 beds added in the first half of 2025.
Acadia also announced that CFO Heather Dixon will step down effective August 15 to pursue a role as President and Chief Operating Officer at another company. Tim Sides, currently Senior Vice President of Operations Finance, will serve as interim CFO while the company searches for a permanent replacement.
The company recognized a $51.8 million pre-tax benefit from a Tennessee state supplemental program during the quarter, compared to $8.6 million in the same period last year. Startup losses for newly constructed facilities increased to $14.2 million from $4.6 million in the second quarter of 2024.
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