Q1 2025 Acadia Healthcare Company Inc Earnings Call Transcript
Key Points
- First quarter revenue of $770.5 million exceeded the midpoint of the company's outlook range.
- Adjusted EBITDA of $134.2 million was near the high end of the outlook range.
- Acadia Healthcare Co Inc (ACHC) added 378 new beds in the first quarter, including two new facilities.
- The company extended its market reach to 170 comprehensive treatment centers across 33 states.
- Labor trends improved with a decline in premium pay on both a sequential and year-over-year basis.
- Same facility revenue per patient day growth was flat year-over-year due to the timing of supplemental payments.
- A small group of underperforming facilities negatively impacted same facility patient day growth by approximately 90 basis points.
- Startup losses related to new facilities were higher on both a year-over-year and sequential basis.
- The company expects a $20 million year-over-year headwind to 2025 adjusted EBITDA from underperforming facilities.
- Cash flow from operations was impacted by high capital expenditures and legal expenses.
Good day and welcome to Acadia Healthcare's first quarter of 2025 earnings call. (Operator Instructions) Also, please be aware that today's call is being recorded.
I would now like to turn the call over to Brian Farley, General Counsel. Please go ahead.
Thank you and good morning. Yesterday, after the market closed, we issued a press release announcing our first quarter 2025 financial results. This press release can be found in the investor relations section of the acadiahealthcare.com website. Here with me today to discuss the results are Chris Hunter, Chief Executive Officer, and Heather Dixon, Chief Financial Officer.
To the extent any non-GAAP financial measure is discussed in today's call, you will find in the press release that is posted on our website, a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP.
This conference call may contain forward-looking statements within the
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