U.S. Physical Therapy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:05 am EST
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U.S. Physical Therapy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 150.01 million compared to USD 139.6 million a year ago. Net income was USD 9.25 million compared to USD 9.56 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.72 a year ago.
For the nine months, revenue was USD 450 million compared to USD 411.96 million a year ago. Net income was USD 27.58 million compared to USD 29.55 million a year ago. Basic earnings per share from continuing operations was USD 1.72 compared to USD 2.27 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. 
