) Company, Inc. reported a revenue increase of 8.8% in the second quarter of 2024, reaching $796 million. The company's adjusted EBITDA also saw a 7.6% increase compared to the previous year.
Wage inflation and salaries and wages per patient day are expected to remain stable for the remainder of the year.Acadia has been managing labor challenges effectively and is attracting talent through various initiatives.There was no specific breakdown provided for the CDC business's 9% revenue growth in terms of volume and pricing.
The company's revenue growth over the last twelve months as of Q2 2024 was 10.07%, showcasing its ability to expand revenue streams despite operational challenges. Analysts expect net income growth this year, which suggests that Acadia's profitability may improve, aligning with the company's positive revenue and EBITDA trends mentioned in the article.