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Mar 31, 2023
US Physical Therapy Q1 2023 Earnings Report
Reported record-high first quarter volume and adjusted EBITDA.
Key Takeaways
U.S. Physical Therapy reported a strong first quarter in 2023, marked by record-high first quarter volume and Adjusted EBITDA, despite a decrease in net income primarily due to increased interest expenses.
Adjusted EBITDA increased to $18.5 million, an all-time high for the first quarter.
Net patient revenue from physical therapy operations increased by 15.6% to $126.6 million.
Average visits per clinic per day reached 29.8, an all-time high for the first quarter.
The company reaffirms its Adjusted EBITDA guidance for 2023 to be in the range of $75.0 million to $80.0 million.
US Physical Therapy
US Physical Therapy
US Physical Therapy Revenue by Segment
Revenue by Segment
Physical Therapy Operations Revenue
CapyFin.com Forward Guidance
Management reaffirms that it currently expects the Company’s Adjusted EBITDA for 2023 to be in the range of $75.0 million to $80.0 million.