Acadia Healthcare Q3 Revenue Rises 5.1% as Non-GAAP EPS Beats Estimate

Acadia Healthcare Company, Inc. (ACHC) grew third-quarter revenue 5.1% year over year to $895.3 million and topped estimates for non-GAAP earnings per share, combining annual sales growth with an earnings beat.

Non-GAAP earnings per share were $0.60, $0.14 above the estimate. Revenue exceeded its estimate by $17.45 million.

Adjusted EBITDA was $176.4 million, compared with $173 million in the year-earlier period. Operating cash flow totaled $97.9 million, while capital expenditures were $50.7 million.

Acadia added 220 licensed beds during the quarter: 144 at a new facility and 76 at existing facilities.