AAC Holdings: 2Q Earnings Snapshot
BRENTWOOD, Tenn. (AP) _ AAC Holdings Inc. (AAC) on Friday reported a loss of $16.4 million in its second quarter.
The Brentwood, Tennessee-based company said it had a loss of 66 cents per share. Losses, adjusted for non-recurring costs and severance costs, were 50 cents per share.
The operator of the American Addiction Center substance abuse facilities posted revenue of $62.7 million in the period.
AAC Holdings expects full-year results to range from a loss of $1.80 per share to a loss of $1.50 per share, with revenue in the range of $255 million to $275 million.
The company’s shares closed at 65 cents. A year ago, they were trading at $9.03.