Acadia Healthcare (ACHC) Q4 Earnings Beat on Strong Admissions

Acadia Healthcare Company, Inc. (ACHC) reported fourth-quarter 2023 adjusted earnings of 85 cents per share, which beat the Zacks Consensus Estimate by 6.3%. The bottom line improved 21.4% year over year.Total revenues amounted to $742.8 million, which advanced 10% year over year. The top line outpaced the consensus mark by 1.9%.The quarterly results benefited on the back of improved patient volumes and expansion initiatives. Solid demand for behavioral health and substance use treatment led to the increase ...