earnings
confidence high
sentiment neutral
materiality 0.70
USPH Q2 net income $10.9M ($0.64 EPS); record patient volumes; reaffirms FY23 Adj. EBITDA guidance $75-80M
U S PHYSICAL THERAPY INC /NV
2023-Q2 EPS reported
$1.22
revenue$299,994,000
- Net income $10.9M ($0.64 GAAP EPS) vs $11.2M ($0.87) in Q2 2022; Operating Results per share $0.76 vs $0.90.
- Total net revenue $151.5M (+7.7% YoY); PT operations revenue up 9.4% to $129.3M on record 30.4 visits/clinic/day.
- Reaffirmed FY23 Adjusted EBITDA guidance $75-80M; Q2 Adj. EBITDA $21.7M vs $21.3M.
- Board declared $0.43/share quarterly dividend payable Sept 8, record Aug 18.
- Completed secondary offering of ~1.9M shares for net proceeds $163.7M, used partly to repay debt.