---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-23-000029"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:59:57.831094+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USPH Q2 net income $10.9M ($0.64 EPS); record patient volumes; reaffirms FY23 Adj. EBITDA guidance $75-80M

## Summary
- 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.

## SEC filing metadata
- accession: 0000885978-23-000029
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597823000029/0000885978-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597823000029/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-23-000029
- JSON: https://secwatch.observer/filing/0000885978-23-000029.json
- Plain text: https://secwatch.observer/filing/0000885978-23-000029.txt

## Key facts
- Earnings Releases
  U S PHYSICAL THERAPY INC /NV updated its three and six months ended June 30, 2023 guidance (reaffirmed).
  - Period: three and six months ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: U.S. Physical Therapy Reports Second Quarter 2023 Results Reports All-Time High Quarterly Patient Volume
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597823000029/0000885978-23-000029-index.htm

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