NASDAQ$ACHC
Acadia Healthcare Company Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Acadia Healthcare showcased strong financial results and strategic progress in Q3 2023, with revenue growth and advancements in facility expansion and joint ventures.
Acadia Healthcare reported a revenue of $750.3 million, a 12.5% increase year-over-year, and a net loss of $217.7 million, which included a $394.2 million legal settlement expense. Adjusted income was $83.9 million, with adjusted EBITDA at $175.9 million, reflecting strong operational execution and growth strategy.
- Revenue increased by 12.5% to $750.3 million compared to Q3 2022.
- Same facility revenue grew by 13.0% year-over-year.
- Net loss attributable to Acadia was $217.7 million, impacted by legal settlements.
- Adjusted EBITDA increased by 13.4% to $175.9 million compared to Q3 2022, excluding income from the Provider Relief Fund.
Headline financials
Revenue & EPS history
Acadia Healthcare · Revenue · Quarterly
$750M
Forward guidance
Acadia updated its 2023 financial guidance, projecting revenue between $2.90 to $2.92 billion and adjusted earnings per diluted share between $3.33 to $3.43, while affirming guidance for interest expense, tax rate, and capital expenditures.
Tailwinds
- Revenue: $2.90 to $2.92 billion
- Adjusted EBITDA (excluding PRF income): $665 to $675 million
- Adjusted earnings per diluted share (excluding PRF income): $3.33 to $3.43
- Interest expense: $82 to $85 million
- Tax rate: 25% to 26%
Headwinds
- Expansion capital expenditures: $300 to $350 million
- Depreciation and amortization expense: $125 to $135 million
- Stock compensation expense: $30 to $35 million
- Maintenance capital expenditures: $40 to $50 million
- IT capital expenditures: $35 to $45 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 2023
+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
| Quarter | Report date | Reaction (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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