AP NEWS

AAC Holdings: 3Q Earnings Snapshot

November 12, 2019

BRENTWOOD, Tenn. (AP) _ AAC Holdings Inc. (AACH) on Tuesday reported a loss of $13.1 million in its third quarter.

On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of 52 cents. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 40 cents per share.

The operator of the American Addiction Center substance abuse facilities posted revenue of $58.9 million in the period.

AAC Holdings expects full-year results to range from a loss of $2.15 per share to a loss of $2.10 per share, with revenue in the range of $230 million to $240 million.

The company’s shares closed at 96 cents. A year ago, they were trading at $2.99.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AACH at https://www.zacks.com/ap/AACH