Acadia Healthcare (ACHC) Reports In-Line Q1 EPS

Acadia Healthcare (NASDAQ: ACHC) reported Q1 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $679.2 million versus the consensus estimate of $690.75 million.

Joey Jacobs, Chairman and Chief Executive Officer of Acadia, commented, “Acadia produced financial results for the first quarter of 2017 that were largely consistent with our expectations for the quarter and financial guidance for the year. Our revenue growth primarily resulted from the acquisition of Priory Group on February 16, 2016, which added approximately 6,200 beds, net of the divestiture, to our operations in the United Kingdom. In the trailing 12 months ended March 31, 2017, we also acquired nearly 240 beds through three transactions and added 719 beds to existing facilities and de novo facilities, 82 of which were added to existing facilities in the first quarter of 2017.

“The favorable impact of the growth in our beds in operation during the first quarter was partially offset by a reduction of approximately six percentage points in our revenuegrowth rate due to the post-Brexit decline in the exchange rate of the British Pound Sterling to the U.S. dollar, in addition to the impact of the first quarter of 2017 having one less day due to leap year in 2016.”

For earnings history and earnings-related data on Acadia Healthcare (ACHC) click here.

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