AAC Holdings (AAC) Tops Q1 EPS by 5c

AAC Holdings (NYSE: AAC) reported Q1 EPS of $0.15, $0.05 better than the analyst estimate of $0.10. Revenue for the quarter came in at $42.8 million versus the consensus estimate of $38.83 million.

“We experienced better-than-anticipated financial results and strong operating metrics in the first quarter,” noted Michael Cartwright, Chairman and Chief Executive Officer of AAC Holdings. “We continue to deliver on plans to diversify the business by geography, payor mix and service by improving census, growing the acquisition and de novo pipelines, expanding existing facilities, growing our outpatient network and adding complementary growth opportunities. With current projects underway and under contract, we currently anticipate doubling our inpatient bed capacity to 1,166 beds by the end of 2016.”

For earnings history and earnings-related data on AAC Holdings (AAC) click here.

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