PACS Group reports Q3 2026 results and lifts full‑year revenue and adjusted EBITDA outlook
PACS Group posted third‑quarter 2026 revenue of $1.50 billion, up 11.5% year‑over‑year, and net income of $60.8 million, a 16.2% increase. Adjusted EBITDA rose 33.6% to $175.7 million and occupancy improved to 91.3% across its skilled‑nursing portfolio. The company completed acquisitions of 11 Texas facilities and 32 Florida facilities and raised its full‑year 2026 revenue guidance to $5.95‑$6.05 billion and adjusted EBITDA guidance to $685‑$695 million.
Why it matters
The company expects higher 2026 revenue and adjusted EBITDA, which should enhance earnings potential and cash generation for shareholders. Management also highlighted a strong liquidity position of $707.4 million and a net leverage ratio of 0.2x, giving flexibility for further acquisitions.
Key facts
- 1Q3 2026 revenue was $1.50 billion, an increase of 11.5% over the prior year. sec.gov
- 2Net income for the quarter was $60.8 million, up $8.5 million or 16.2% from the prior year. sec.gov
- 3Adjusted EBITDA increased 33.6% to $175.7 million. sec.gov
- 4Occupancy improved to 91.3% from 89.3% a year earlier. sec.gov
- 5Same‑store skilled‑nursing revenue grew 6.4% year‑over‑year. sec.gov
- 6The company completed acquisitions of 11 Texas facilities and 32 Florida facilities during the quarter. sec.gov
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.