PACS Group, Inc. (PACS) · Nov 3, 2026 · Earnings

PACS Group earnings beat as EBITDA guidance jumps 8%

Beat — Adjusted EPS $0.63 vs ~$0.58 consensus

PACS Group earnings beat revenue and adjusted EPS expectations, while stronger operations drove a major 2026 EBITDA guidance increase.

PACS is in an acquisition-led expansion of its skilled-nursing platform, using its operating model to improve facilities while entering new states; the Florida deal added 32 facilities and 4,049 beds, while Texas expansion continued. This quarter shows the existing portfolio is contributing, not just the acquisitions. Same-store skilled-nursing revenue rose 6.4%, occupancy improved to 91.3% from 89.3%, and skilled mix increased, indicating that underlying facility performance is moving in the right direction. 〔0〕

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Total revenue (Income Statement)	$1,498.6M (+11.5%)	$1,344.6M	~$1,460M
Adjusted EPS (Non-GAAP reconciliation)	$0.63	$0.46	~$0.58
Adjusted EBITDA (Non-GAAP reconciliation)	$175.7M (+33.6%)	$131.5M
FY2026 Adjusted EBITDA guidance (press release)	$685M–$695M		$640M–$660M

The earnings beat was broad and operationally supported. Revenue exceeded the published consensus of roughly $1.46 billion, while adjusted EPS of $0.63 topped the roughly $0.58 expectation. The more important signal is that adjusted EBITDA grew nearly three times faster than revenue, suggesting better earnings conversion as the portfolio scales rather than growth coming solely from adding facilities.

The guidance increase materially strengthens the near-term business outlook, though part of the lift is non-recurring. The new $685 million–$695 million full-year adjusted EBITDA range is $25 million–$45 million above the prior range, with a midpoint increase of $40 million, or about 6%. Management says approximately $5 million comes from retroactive Ohio quality incentive payments received in October, so the full raise should not be treated as purely recurring operating improvement.

The expansion story is advancing, but integration is now the execution test. PACS closed the 32-facility Florida acquisition on October 1 and the 11-facility Texas acquisition by November 1; those transactions were already announced, so the closings themselves are partly known rather than fresh surprises. The new issue is whether PACS can preserve occupancy, quality ratings and margin performance as its footprint expands into Florida and absorbs a much larger ramping/new-facility cohort. 〔1〕

Cash generation provides room to keep expanding, but investment is consuming cash. PACS generated $583.1 million from operating activities through nine months, while investing and financing outflows drove cash and restricted cash down to $128.2 million from $359.1 million at the prior-year period-end. The company says it had $707.4 million of available liquidity and 0.2x net leverage at quarter-end, leaving the balance sheet supportive of additional acquisitions without an immediate leverage concern.

Bottom line: This is a meaningful step forward for PACS’s operating story: the same-store portfolio improved, earnings beat expectations, and full-year EBITDA guidance rose substantially. The main qualifier is that the guidance lift includes a $5 million Ohio payment and the next phase depends on integrating rapid geographic expansion without diluting execution quality.

What to watch next

Q3 earnings webcast, November 4 at 11:30 a.m. ET

Original filing on SEC EDGAR

More PACS Group, Inc. news

PACS swaps longtime legal chief for veteran healthcare regulator amid rapid expansion

Live · an AI on the whole US market

Breaking down Wall Street's information edge.

A buy-side analyst on every ticker.

It reads every public company's filing the second it drops — decoded into plain English, before it's a headline. The edge every investor deserves, not just the desks.

Trade the facts, not the FOMO.

Every event

8-Ks decoded the moment they file

Every number

Fundamentals, valuation, quality

What's next

Earnings calendar + the analyst view

scroll ↓

From filing to your screen in seconds

AllSight is the fastest.

DETECT

The moment it files

Every public company, around the clock. The AI never blinks and never takes lunch — nothing to set up.

filed 9:41:03 · decoded 9:41:19

DECODE

Plain English — never a call.

The event, the numbers, how it sits vs. expectations — in seconds. The AI decodes it; you pull the trigger.

DELIVER

On your screen, before the bell

Overnight and premarket, it's already read everything. You walk into every session with the setup — not scrambling to find it.

Understand it like a Wall Street analyst. Explained like a friend.

the raw filing — read the original on SEC.gov↗

decoded▸

AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

Know a company all the way down.

Not just one filing. AllSight profiles every public company end to end — the numbers, the quality, the insiders, the smart money, the Street. One page, nothing missed.

Price & every insider trade, plotted
A quality score ranked against every peer
40+ valuation & profitability multiples
Where each one sits in its 5-year range
Whole-market insider flow, in real time
Which superinvestors are holding it
Analyst consensus & price target

Live · — filings read this week

AllSight gives you an edge others can't.

One scan before the open, one after the close — every filing on every ticker, already decoded. You walk into every session fully prepared.

Not investment advice · a neutral translation you can check against the original SEC filing

allsight.ai

Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

AllSight

AllSight Pro

A buy-side analyst on every ticker — reading the whole market the second it moves.

It reads every public company's filing the instant it drops and hands you what it means — in plain English, before it's a headline.

The read itself

Not another feed. A buy-side analyst that never sleeps, on everything.

Whole-market breadthevery public company

Not the 20 names CNBC repeats. Every ticker that files — thousands of companies, one AI reading all of them.

Filed-to-decoded in secondsspeed

Filed 9:41:03, decoded 9:41:19. You've got the catalyst while the tape is still moving and the crowd's still on the headline.

Past the headlinedepth

What actually happened, the numbers that matter, how it sits vs what the Street expected, and what it sets up next.

Source-grounded & neutralrigor

Every read traces to the words in the actual filing — click to see them. A translation you can check, never a buy/sell call.

Zero effort to youconvenience

Plain English, one glance. Follow your stocks and the moment any of them files, it's in your pocket — no watching, no digging.

All of it, livePro

Free reads every session once it closes. Pro reads it the moment it files: the whole market, all day, every day.

And then — go deeper

From "what happened" to "is it worth it."

Cheap or dear?Where it trades vs its own valuation history.

The quality score, in fullAll five dimensions, ranked against its sector.

Structure & multi-year trendsRevenue, margins, cash — the hard numbers, decoded.

Insider activityWho inside the company is buying and selling.

Analyst price targetsWhere Wall Street says every name is headed.

The whole company, one pagePrice, ownership, the full read — on any ticker.

Hire your personal buy-side analyst.

Trade one usual slippage for a whole market's rhythm.

Free

forever

Every closed session, on the whole market. The live session and the deep company read stay Pro.

Monthly

$29/mo

billed monthly

Everything, live — every session the moment it files, plus the full company read. Flexible, month to month.

Best value · save 40%

Annual

$17.40/mo

$209 billed yearly

about one slippage a month

Same full access — the whole market live and every company — at the lowest price. 40% off the monthly.

Billed today. Powered by Stripe · AllSight never sees your card.

PACS Group earnings beat as EBITDA guidance jumps 8%

What to watch next

More PACS Group, Inc. news

Breaking down Wall Street's information edge.