Shares of Acadia Healthcare Company Inc (ACHC - Snapshot Report) rallied nearly 3.4 percent to close at $56.84 on the day of Feb 17, after the company gave a motivated full-year 2016 guidance. Previously, the company had reported 4th-quarter 2015 adjusted earnings of 59 cents each share.
Although, adjusted earnings surged 55.3 percent on a year-over-year basis, on the back of greater revenues, which escalated 68 percent year over year to $495.3 million. The revenue upside may be significantly attributed to the addition of beds at Acadia’s existing services.
Similar service revenues increased 8 percent on a year-over-year basis to $310.6 million, primarily owing to an increase in sufferer days (up 7.8 percent) and admissions (up 12.3 percent).
Similar facility adjusted EBITDA margin contracted twenty basis points (bps) to 25.5 percent because of moderately higher expenses regarded to new bed openings. Adjusted EBITDA margin extended 10 bps to 22.6 percent, on the back of higher revenues.
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