NASDAQ$ACHC

Acadia Healthcare Company Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Acadia Healthcare's Q4 2022 financial results were announced, revealing a revenue increase and strategic growth investments.

Acadia Healthcare reported a revenue of $675.3 million for Q4 2022, a 13.8% increase compared to Q4 2021. Net income attributable to Acadia was $61.1 million, or $0.67 per diluted share, while adjusted income from continuing operations was $68.1 million, or $0.74 per diluted share.

  • Revenue totaled $675.3 million, up 13.8% year-over-year.
  • Same facility revenue increased 9.4% compared to the fourth quarter of 2021.
  • Net income attributable to Acadia totaled $61.1 million, or $0.67 per diluted share.
  • Adjusted income from continuing operations attributable to Acadia stockholders totaled $68.1 million, or $0.74 per diluted share.

Headline financials

Total Revenue

$675M

Previous: $593M+13.8%
EPS (adj)

$0.74

Previous: $0.81-8.6%
US Same-Facility Rev. Growth

9.4%

Previous: 10.7%-12.1%
US Same-Facility Patient Days Growth

4.0%

Previous: 2.7%+48.1%
US Same-Facility Rev/Day Growth

5.2%

Previous: 7.8%-33.3%
Capital Expenditures

$87.4M

Previous: $88.2M-0.9%
Free Cash Flow

$26.2M

Previous: $9.66M+171.1%
Net Income

$63.1M

Previous: $70.3M-10.2%
Operating Income

$88.1M

Previous: $71.5M+23.1%
Gross Profit

$284M

Previous: $249M+13.8%
Cash & Equivalents

$97.6M

Previous: $134M-27.0%
Total Assets

$4.99B

Previous: $4.77B+4.6%
Stock-Based Comp

$7.89M

Previous: $12.5M-37.1%

Revenue & EPS history

Acadia Healthcare · Revenue · Quarterly

$675M

Q4 2022+13.8%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

Acadia provided financial guidance for 2023, projecting revenue between $2.82 to $2.88 billion and adjusted earnings per diluted share between $3.10 to $3.40. For the first quarter of 2023, the company expects revenue of $690 to $700 million and adjusted earnings per diluted share of $0.70 to $0.74.

Tailwinds

  • Revenue: $2.82 to $2.88 billion
  • Adjusted EBITDA: $635 to $675 million
  • Adjusted earnings per diluted share: $3.10 to $3.40
  • Operating cash flows: $450 to $500 million
  • First Quarter 2023 Revenue: $690 to $700 million

Headwinds

  • Interest expense: $80 to $85 million
  • Tax rate: 25% to 26%
  • Depreciation and amortization expense: $125 to $135 million
  • Stock compensation expense: $30 to $35 million
  • Expansion capital expenditures $350 to $400 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 Q4 2022

Historical avgQ4 2022

+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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