US Physical Therapy Q1 revenue up 4.1%, EPS $0.46; raises FY 2024 EBITDA guidance to $82.5M-$87.5M

U S PHYSICAL THERAPY INC /NV

2024-Q1 EPS reported $0.46 revenue$155,675,000

Q1 2024 net income $8.0M ($0.46 EPS) vs $7.4M ($0.58 EPS) in prior year; adjusted EBITDA $16.7M.
Revenue from PT operations $134.4M (+4.1% YoY); IIP revenue $21.3M (+9.8%).
Management raises full-year 2024 Adjusted EBITDA guidance to $82.5M-$87.5M, citing improved Medicare rates and strong Feb/March volumes.
Two acquisitions: 50% stake in nine-clinic PT practice ($16.4M) and 100% of IIP services business ($24.0M, after quarter end).
Quarterly dividend of $0.44 per share declared, payable June 14, 2024.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

U S PHYSICAL THERAPY INC /NV updated its the first quarter ended March 31, 2024 guidance (raised).

Period: the first quarter ended March 31, 2024
Guidance: raised
Result: reported results

Exact text from the filing

On May 7, 2024 – 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 services, reported results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

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