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Sep 30, 2022
US Physical Therapy Q3 2022 Earnings Report
Reported mixed results due to inflationary pressures and hurricane impacts, but volumes remained solid and the company progressed with payer contract negotiations.
Key Takeaways
U.S. Physical Therapy reported a 10.9% increase in total revenue to $139.6 million for Q3 2022 compared to Q3 2021. Net income attributable to shareholders was $9.6 million, and earnings per diluted share were $0.72. The company faced higher labor and operating costs due to inflation, and volumes were slightly impacted by Hurricane Ian.
Total revenue increased by 10.9% to $139.6 million.
Net income attributable to shareholders was $9.6 million, with earnings per diluted share at $0.72.
Industrial injury prevention services revenue reached an all-time high of $20.2 million, representing a 92.1% increase.
The company completed two acquisitions during the quarter.
Revenue by Segment
Forward Guidance
U.S. Physical Therapy expects full-year results to be within the previous guidance ranges for Operating Results and Adjusted EBITDA, but most likely on the low end of the ranges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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