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Jun 30, 2020
US Physical Therapy Q2 2020 Earnings Report
Reported decrease in net revenues due to the adverse effects of the COVID-19 pandemic.
Key Takeaways
U.S. Physical Therapy reported a decrease in net revenues for the second quarter of 2020 compared to the same period in 2019, primarily due to the adverse effects of the COVID-19 pandemic. However, the company's physical therapy daily patient volumes improved throughout the quarter, and the industrial injury prevention business remained relatively stable.
Net revenues for the second quarter of 2020 were $83.9 million, compared to $126.4 million in the second quarter of 2019.
Net patient revenues from physical therapy operations were approximately $72.3 million in the second quarter of 2020 and $113.4 million in the second quarter of 2019.
Revenue from the industrial injury prevention business was $9.7 million in the second quarter of 2020, compared to $10.3 million in the second quarter of 2019.
Operating income for the second quarter of 2020 was $10.3 million, compared to $19.9 million for the second quarter of 2019.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those expected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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