PACS Group Boosts 2026 Outlook as 1Q Tops Views

Dow Jones05-12 20:47

By Adriano Marchese

Shares in PACS Group rose in premarket trading Tuesday after raising its full-year earnings outlook following a stronger-than-expected first quarter.

Shares rose 18% in premarket trading to C$37.50.

The healthcare company late Monday said it now expects adjusted earnings before interest, taxes, depreciation and amortization of between $605 million and $625 million, up from a previous guidance of $555 million to $575 million.

Analysts polled on FactSet expected $567.2 million.

At the midpoint, the new guidance represents a 22% growth over 2025.

Revenue guidance is maintained at $5.65 billion to $5.75 billion.

PACS noted that the guidance doesn't include any future acquisition, but Chief Executive Carey Hendrickson said that the company has a healthy pipeline of acquisition opportunities that it is actively considering.

For the first quarter, revenue rose 11% to $1.42 billion, topping Wall Street expectations of C$1.36 billion, according to FactSet.

Net income rose to C$80.7 million from C$28.4 million a year earlier, which on a per-share basis was a rise to 50 cents from 17 cents.

Analysts were expecting 40 cents a share.

Hendrickson credits the quarter's results to a strong performance from both newer and existing facilities, as well as improving patient mix.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 12, 2026 08:47 ET (12:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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