Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q2 2023 Earnings Conference Call July 28, 2023 9:30 AM ET

Company Participants

Gretchen Hommrich – Vice President-Investor Relations

Chris Hunter – Chief Executive Officer

Heather Dixon – Chief Financial Officer

Conference Call Participants

Andrew Mok – UBS

Whit Mayo – Leerink Partners

A.J. Rice – Credit Suisse

John Ransom – Raymond James

Gary Taylor – Cowen

Pito Chickering – Deutsche Bank

John Ransom – Raymond James

Brian Tanquilut – Jefferies

Operator

Good day, and welcome to the Acadia Healthcare Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Gretchen Hommrich. Please go ahead.

Gretchen Hommrich

Good morning, and welcome to Acadia’s second quarter 2023 conference call. I’m Gretchen Hommrich, Vice President of Investor Relations for Acadia. I'll first provide you with our safe harbor before turning the call over to our Chief Executive Officer, Chris Hunter.

To the extent any non-GAAP financial measure is discussed in today’s call. You will also find a reconciliation of that measure to the most directly comparable financial measure calculated according to GAAP on our website by viewing yesterday’s news release under the Investors link.

This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Acadia’s expected quarterly and annual financial performance for 2023 and beyond. You are hereby cautioned that these statements may be affected by the important factors, among others, set forth in Acadia’s filings with the Securities and Exchange Commission and in the company’s second quarter news release. And consequently, actual operations and results may differ materially from the results discussed in the forward-looking statements.

At this time, I would like to turn the conference call over to our Chief Executive Officer, Chris Hunter, for opening remarks.

Chris Hunter

Thank you, Gretchen, and good morning, everyone. Thank you for being with us for Acadia’s second quarter 2023 conference call. For the second quarter, we reported impressive results across multiple measures. Given this momentum and our confidence in the continued strong performance of our business, we’re increasing our guidance for the year.

I’m eager to discuss our performance, but first, I want to acknowledge several outstanding additions to our leadership team. This includes Heather Dixon, who started with the company earlier this month as our new Chief Financial Officer. Heather brings significant executive-level financial expertise with substantial payer, provider and pharmacy experience across the health care landscape.