---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-24-000026"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:27:54.839762+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885978-24-000026
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597824000026/0000885978-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597824000026/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-24-000026
- JSON: https://secwatch.observer/filing/0000885978-24-000026.json
- Plain text: https://secwatch.observer/filing/0000885978-24-000026.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597824000026/0000885978-24-000026-index.htm

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