secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0000885978-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597823000015/0000885978-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597823000015/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-23-000015

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