NASDAQ$ACHC

Acadia Healthcare Company Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Acadia Healthcare's financial results for Q3 2021 were announced, showcasing revenue growth and strategic investments.

Acadia Healthcare reported a revenue of $587.6 million for Q3 2021, a 7.2% increase compared to $548.0 million in Q3 2020. Net income attributable to Acadia stockholders was $66.1 million, or $0.73 per diluted share, compared to $37.0 million, or $0.42 per diluted share, for the same period last year. The company faced challenges from Hurricane Ida and the Delta variant of COVID-19, but continued to execute on strategic initiatives, adding 104 beds and opening two new CTCs.

  • Revenue for the third quarter of 2021 was $587.6 million, compared to $548.0 million for the third quarter of 2020.
  • Net income attributable to Acadia stockholders for the third quarter of 2021 was $66.1 million, or $0.73 per diluted share.
  • Same facility revenue increased 7.9% compared with the third quarter of 2020.
  • The company added 104 beds to its operations and opened two new comprehensive treatment centers (CTCs) during the third quarter.

Headline financials

Total Revenue

$588M

Previous: $833M-29.5%
EPS (adj)

$0.72

Previous: $0.68+5.9%
US Same-Facility Rev. Growth

7.9%

Previous: 7.5%+5.3%
US Same-Facility Patient Days Growth

2.2%

Previous: 4.2%-47.6%
US Same-Facility Rev/Day Growth

5.6%

Previous: 3.1%+80.6%
Capital Expenditures

-$157M

Previous: -$196M+20.0%
Free Cash Flow

-$90.5M

Previous: -$159M+43.0%
Net Income

$66.1M

Previous: $37M+78.7%
Operating Income

-$145M

Previous: -$267M+45.6%
Gross Profit

$18.1M

Previous: $18.1M+0.0%
Cash & Equivalents

$196M

Previous: $339M-42.0%
Total Assets

$4.59B

Previous: $7.11B-35.3%
Stock-Based Comp

$8.92M

Previous: $5.47M+63.1%

Revenue & EPS history

Acadia Healthcare · Revenue · Quarterly

$588M

Q3 2021-29.5%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Acadia narrowed its financial guidance for 2021, within previously announced ranges. Revenue is expected to be in the range of $2.295 billion to $2.315 billion. Adjusted EBITDA is projected to be in the range of $537 million to $547 million. Adjusted earnings per diluted share are anticipated to be in the range of $2.51 to $2.59. Operating cash flows are expected to be in the range of $290 million to $325 million. Total capital expenditures are projected to be in the range of $210 million to $230 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+1.5%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+2.5%

Avg return

30 days after

60%

38 / 63 earnings

Positive

+23.1%

Q3 2020

Best reaction

-26.9%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+0.3%-16.0%
Q4 2025+21.4%+36.5%+33.4%
Q3 2025-5.5%-10.2%-25.2%
Q1 2025+4.2%+1.2%-14.4%
Q4 2024-25.5%-26.3%-25.2%
Q3 2024-17.3%-18.0%-21.3%
Q2 2024+10.0%+5.4%+21.6%
Q1 2024-9.8%-8.3%-6.8%
Q4 2023-2.4%-1.8%-7.3%
Q3 2023-1.7%+1.1%+0.5%
Q2 2023+7.8%+6.5%+2.9%
Q1 2023-1.3%-4.4%-6.0%
Q4 2022-9.6%-7.3%-12.1%
Q3 2022-3.4%-5.5%+7.2%
Q2 2022+3.6%+3.9%+4.8%
Q1 2022+8.0%+5.4%+6.4%
Q4 2021+6.5%+9.3%+15.3%
Q3 2021+10.5%+11.8%+3.0%
Q2 2021+3.1%+1.3%+8.0%
Q1 2021-1.1%+1.1%+4.4%
Q4 2020+1.5%+2.5%+6.0%
Q3 2020+23.1%+28.7%+49.1%
Q2 2020+2.3%+2.7%-0.1%
Q1 2020+16.7%+18.2%+26.7%
Q4 2019-5.9%+6.0%+100.5%
Q3 2019-3.5%-2.0%+2.5%
Q2 2019-3.3%-12.0%-19.6%
Q1 2019+0.0%+3.2%+1.4%
Q4 2018+15.9%+11.7%+11.7%
Q3 2018-12.8%-5.0%-26.0%
Q2 2018-10.6%-7.4%-8.0%
Q1 2018+9.0%+11.7%+13.0%
Q4 2017+8.5%+6.8%+8.4%
Q3 2017-26.9%-25.6%-30.7%
Q2 2017+7.6%+5.7%-7.5%
Q1 2017-3.1%+0.0%-2.4%
Q4 2016+5.4%+4.9%-1.7%
Q3 2016+3.1%+3.8%+5.9%
Q2 2016-1.3%-0.8%-4.8%
Q1 2016-0.8%
Q4 2015+5.7%
Q3 2015+9.4%
Q2 2015+3.4%
Q1 2015-2.9%
Q4 2014-0.4%
Q3 2014+11.2%
Q2 2014-2.1%
Q1 2014+0.4%
Q4 2013-2.8%
Q3 2013+9.0%
Q2 2013+8.2%
Q1 2013+2.9%
Q4 2009+2.3%
Q4 2012+0.1%
Q3 2012+2.3%
Q2 2012+7.5%
Q2 2011+4.4%
Q1 2012+6.5%
Q1 2011-1.0%
Q4 2011+3.3%
Q4 2010+0.1%
Q3 2011+0.1%
Q3 2010+0.1%

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