earnings
confidence high
sentiment positive
materiality 0.75
USPH Q3: Adjusted EPS $0.55, record visits, IIP revenue up 30%, two acquisitions
U S PHYSICAL THERAPY INC /NV
2024-Q3 EPS reported
$1.32
revenue$490,898,000
- Q3 GAAP EPS $0.39 (net income $6.6M); adjusted EPS $0.55 excluding $2.5M (net) clinic closure costs.
- Record quarterly patient visits: 1,317,051 (+6% YoY); net rate per visit $105.65 (+3.2%).
- Adjusted EBITDA $21.1M (up from $18.6M); IIP revenue $25.3M (+29.9%).
- Acquired 70% of 8-clinic practice (Aug 31) and 50% of MSO managing 50 clinics (Oct 31) with $64M annual revenue.
- Dividend declared $0.44/share, payable Dec 6, record Nov 15.