AAC Holdings (AAC) Misses Q2 EPS by 5c

AAC Holdings (NYSE: AAC) reported Q2 EPS of $0.18, $0.05 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $71.5 million versus the consensus estimate of $67.42 million.

“The continued growth in admissions, census and outpatient visits is in line with our expectations for delivering exceptional clinical quality and reflects our ability to offer clients and their families a broader range of treatment options and support,” noted Michael Cartwright, Chairman and Chief Executive Officer of AAC Holdings, Inc. “We made great strides in integrating our recent acquisitions, ramping up and adding to our de novo projects as well opening Laguna Treatment Hospital – our first chemical dependency recovery hospital. With the recent enhancements to and the increase in our credit facility, we have much improved access to attractive sources of capital that will allow us to pursue opportunities in our acquisition pipeline.”

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

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