NYSE$ATIP
ATI Physical Therapy Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Experienced growth in visits, rate per visit, revenue, and adjusted EBITDA.
ATI Physical Therapy reported a revenue increase of 9.2% to $188.1 million, driven by a 6.4% increase in visits per day and a 3.4% increase in rate per visit. The company's net loss decreased to $2.6 million, and Adjusted EBITDA increased by 77.5% to $16.6 million.
- Net revenue increased by 9.2% compared to the second quarter of 2023.
- Visits per Day (VPD) increased by 6.4% compared to the second quarter of 2023.
- Rate per Visit (RPV) increased by 3.4% compared to the second quarter of 2023.
- Adjusted EBITDA increased by 77.5% compared to the second quarter of 2023.
Headline financials
Revenue & EPS history
ATI · Revenue · Quarterly
$188M
Revenue by segment
ATI · $177M total across 2 segments · Q3 2023
- Net Patient Revenue$162M+14.0%91.4%
- Other Revenue$15.2M+5.0%8.6%
Forward guidance
For the third quarter of 2024, ATI expects net revenue to be in the range of $180 million to $190 million, representing approximately 1% to 7% year-over-year growth. The Company anticipates it will continue growing patient visits through 2024 as it executes on its commercial, people, and operations strategies. ATI expects Adjusted EBITDA in the third quarter of 2024 to be in the range of $9 million to $14 million.
Tailwinds
- Net revenue expected to be in the range of $180 million to $190 million.
- Net revenue represents approximately 1% to 7% year-over-year growth.
- Patient visits are expected to continue growing through 2024.
- Commercial strategies are expected to drive growth.
- People and operations strategies are expected to drive growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q2 2024
-1.1%
Avg return
Earnings day
-4.5%
Avg return
5 days after
-13.0%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+50.0%
Q4 2022
Best reaction
-43.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +4.5% | +0.0% | -5.6% | |
| Q3 2024 | -43.8% | -53.5% | -81.8% | |
| Q2 2024 | -7.3% | -4.9% | -8.6% | |
| Q1 2024 | +1.1% | -13.0% | -27.9% | |
| Q4 2023 | +7.9% | +2.8% | -13.0% | |
| Q3 2023 | +4.7% | -4.5% | -9.5% | |
| Q2 2023 | +2.0% | +15.5% | +20.1% | |
| Q1 2023 | -0.3% | -2.3% | +1.9% | |
| Q4 2022 | +50.0% | +36.0% | +8.8% | |
| Q3 2022 | -37.2% | -37.4% | -73.4% | |
| Q2 2022 | -7.1% | -15.2% | -5.4% | |
| Q1 2022 | +2.7% | -2.1% | -10.6% | |
| Q4 2021 | -9.2% | -8.2% | -4.6% | |
| Q4 2019 | -9.2% | -8.2% | -4.6% | |
| Q3 2021 | +27.6% | +29.5% | +19.2% | |
| Q2 2021 | -6.3% | -6.6% | -12.4% | |
| Q1 2021 | +0.1% | — | — | |
| Q4 2020 | -0.5% | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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