U.S. Physical Therapy, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 04:45 pm EST
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U.S. Physical Therapy, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 154.8 million compared to USD 141.18 million a year ago. Net income was USD 0.656 million compared to USD 2.61 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.01 a year ago.
For the full year, revenue was USD 604.8 million compared to USD 553.14 million a year ago. Net income was USD 28.24 million compared to USD 32.16 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 2.25 a year ago. Diluted earnings per share from continuing operations was USD 1.28 compared to USD 2.25 a year ago.
U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. It operates approximately 678 outpatient physical therapy clinics in 42 states. The Company's industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post offer employment testing, functional capacity evaluations, and ergonomic assessments. It performs these services through Industrial Sports Medicine Professionals, consisting primarily of specialized certified athletic trainers (ATCs).
U.S. PHYSICAL THERAPY, INC. 
