AAC Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenue was $86,136,000 compared to $72,352,000 a year ago. Loss from operations was $18,962,000 compared to $1,250,000 a year ago. Loss before income tax expense was $24,740,000 compared to $1,638,000 a year ago. Net loss attributable to company stockholders was $18,822,000 compared to income of $478,000 a year ago. Basic and diluted loss per common share was $0.08 compared to earnings of $0.02 a year ago. Adjusted EBITDA was $15,069,000 compared to $11,132,000 a year ago. Adjusted net income attributable to company stockholders was $2,366,000 compared to $3,401,000 a year ago. Adjusted diluted earnings per common share were $0.10 compared to $0.15 a year ago. Cash flows provided by operations totaled $5.3 million for the fourth quarter of 2017 compared with cash flows used in operations of $1.2 million in the prior year period. Capital expenditures in the fourth quarter of 2017 totaled $5.9 million.

For the year, the company reported total revenue was $317,641,000 compared to $279,770,000 a year ago. Loss from operations was $7,743,000 compared to $636,000 a year ago. Loss before income tax expense was $30,105,000 compared to $6,961,000 a year ago. Net loss attributable to company stockholders was $20,579,000 compared to $589,000 a year ago. Diluted earnings per common share were $0.88 compared to $0.03 a year ago. Net cash provided by operating activities was $19,292,000 compared to $143,000 a year ago. Purchase of property and equipment was $33,041,000 compared to $37,304,000 a year ago. Adjusted EBITDA was $57,148,000 compared to $47,749,000 a year ago. Adjusted net income attributable to company stockholders was $13,940,000 compared to $16,203,000 a year ago. Adjusted diluted earnings per common share were $0.60 compared to $0.71 a year ago.

The company introduced its guidance for the full year 2018. Total revenues are expected to be in the range of $325 million to $335 million. Adjusted EBITDA is expected to be in the range of $62 million to $65 million and adjusted earnings per diluted common share are expected to be in the range of $0.70 to $0.75. After adjusted for adoption of ASC 606 on January 1, 2018, total revenues are expected to be in the range of $290 million to $300 million, adjusted EBITDA is expected to be in the range of $62 million to $65 million and adjusted earnings per diluted common share are expected to be in the range of $0.70 to $0.75. The company expects an annual effective tax rate of 24% to 26%.