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:   2024-05-07T23:59:59+00:00
Accession:  0000885978-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000026/0000885978-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000026/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-24-000026

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