USPH Q1 net income $0.58/share, revenue up 12.8% to $148.5M, reaffirms FY guidance

U S PHYSICAL THERAPY INC /NV

2023-Q1 EPS reported $0.58 revenue$148,509,000

Q1 net income attributable to USPH $7.4M ($0.58 diluted EPS) vs $8.8M ($0.67) YoY; operating income up 13.1% to $17.0M.
Adjusted EBITDA $18.5M (record Q1) up from $17.5M; patient visits increased 15.4% to 1,227,490.
Average visits per clinic per day 29.8 (all-time Q1 high); physical therapy margin improved to 21.0% from 20.0%.
Quarterly dividend $0.43/share declared, payable June 9, 2023 to holders of record May 18, 2023.
Reaffirmed FY2023 Adjusted EBITDA guidance $75–80M; acquired 80% of a clinic ($3.2M annual revenue) and opened 7 clinics.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

U S PHYSICAL THERAPY INC /NV reported three months ended March 31, 2023 results: revenue $148.5 million, net income $7.4 million, EPS $0.58 per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2023
Revenue: $148.5 million
Net income: $7.4 million
EPS: $0.58 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total net revenue for 2023 First Quarter was $148.5 million, an increase of 12.8%, compared to $131.7 million for the 2022 First Quarter.

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Source: SEC EDGAR

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