U.S. Physical Therapy reported record quarterly earnings with net revenues of $108.9 million and net income attributable to USPH shareholders of $10.9 million, or $0.61 per share.
Net revenues for the Third quarter of 2020 was $108.9 million as compared to $117.3 million in the 2019 Third Quarter.
Net patient revenues from physical therapy operations was approximately $96.4 million.
Revenue from the industrial injury prevention business was $10.0 million.
Operating income for the 2020 Third Quarter was $19.9 million an increase of $3.1 million or 18.5% as compared to $16.8 million for the 2019 Third Quarter.
The press release does not contain specific forward guidance. It contains forward-looking statements about the company's expectations and potential risks.