AAC Holdings, Inc. Reports Second Quarter 2018 Results
Ares Acquisition Corporation Class A Ordinary Shares (AAC)
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am
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US:NASDAQ Investor Relations:
ir.americanaddictioncenters.org
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Source: PR Newswire
BRENTWOOD, Tenn., Aug. 1, 2018 /PRNewswire/ -- AAC Holdings, Inc. (NYSE: AAC) today announced financial results for the second quarter ended June 30, 2018 and reiterates its previously issued full year 2018 guidance.Second Quarter 2018 Operational and Financial Highlights: (All comparisons are to the comparable prior-year period, unless otherwise noted)Total revenue increased 27% to $86.8 million on a comparable accounting basis (increased 11% as reported) Average daily inpatient revenue (ADR) increased 12% to $841 Total average daily census (ADC) increased to 1,157 compared with 961 Outpatient visits increased 230% to 51,019 Net loss attributable to AAC Holdings, Inc. common stockholders was $3.0 million, or $(0.12) per diluted common share Adjusted EBITDA increased 2% to $14.8 million (see non-GAAP reconciliation herein) Adjusted earnings per diluted common share was $0.09 (see non-GAAP reconciliation herein)"We are pleased with the progress we have made this year as we continue to
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