---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-23-000006"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T23:08:30.252208+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USPH Q4 2022 GAAP diluted EPS -$0.01; Adj EBITDA $17.9M; raises dividend 4.9% to $0.43

## Summary
- Q4 total revenue $141.2M (+8.7% YoY); GAAP net income $2.6M vs $10.2M; diluted EPS loss $0.01 vs $0.73.
- Adjusted EBITDA Q4 $17.9M, up 2.8% from $17.4M (excl. Relief Funds) in Q4 2021.
- Board raises quarterly dividend 4.9% to $0.43 per share, effective immediately.
- 2023 guidance: Adjusted EBITDA expected $75M-$80M from existing operations.
- Goodwill impairment charge of $9.1M in Q4 related to IIP Acquisition.

## SEC filing metadata
- accession: 0000885978-23-000006
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597823000006/0000885978-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597823000006/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-23-000006
- JSON: https://secwatch.observer/filing/0000885978-23-000006.json
- Plain text: https://secwatch.observer/filing/0000885978-23-000006.txt

## Key facts
- Earnings Releases
  U S PHYSICAL THERAPY INC /NV updated its the three months and year ended December 31, 2022 guidance (raised).
  - Period: the three months and year ended December 31, 2022
  - Guidance: raised
  - Result: reported results
  source text: On February 28, 2023, U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention (“IIP”) services, reported final results for the three months and year ended December 31, 2022 (“2022 Fourth Quarter” and “2022 Year”, respectively).
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597823000006/0000885978-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.