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Dec 31, 2022
US Physical Therapy Q4 2022 Earnings Report
USPH reported mixed results due to macroeconomic headwinds and goodwill impairment. However, patient volume remained strong and dividend was raised.
Key Takeaways
U.S. Physical Therapy reported an increase in revenue but a decrease in net income for Q4 2022. Revenue increased by 8.7% compared to Q4 2021, while net income decreased due to a goodwill impairment charge. The company's Board of Directors raised the quarterly dividend by 4.9%.
Net patient revenue from physical therapy operations increased by 5.8% to $120.1 million.
Total patient visits increased by 5.1% to 1,152,139.
Average visits per clinic per day were 29.1.
IIP services revenue increased 37.6% to $18.4 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 expects Adjusted EBITDA for 2023 to be in the range of $75.0 million to $80.0 million.