PACS Group Beats Q1, Shares Rise 16%

PACS Group reported Q1 adjusted EPS $0.50, beating estimates of $0.44, and revenue $1.42 bn, up 11.2% YoY.
Adjusted EBITDA rose 74.6% to $170.4 million, driven by higher occupancy (90.9%) and skilled mix across 324 facilities.
Full‑year 2026 adjusted EBITDA guidance lifted to $605‑$625 million (≈22% growth) and revenue outlook $5.65‑$5.75 bn, excluding future acquisitions.
Board approved a $250 million share repurchase program effective May 7, 2026; cash from operations $236.3 million and liquidity $795.1 million as of March 31.