NYSE$ATIP
ATI Physical Therapy Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
ATI Physical Therapy reported third quarter 2022 results, facing challenges in the labor market while implementing transformation and efficiency projects.
ATI Physical Therapy reported a net operating revenue of $156.8 million, a 1% decrease year-over-year. The company is focused on optimizing clinic footprint and financial return at the local market level and controlling costs at corporate.
- Net operating revenue was $156.8 million, a decrease of 1% year over year.
- Net patient revenue was $142.3 million, essentially flat year over year.
- Visits per Day were 21,493, an increase of 4% year over year.
- The company opened 11 new clinics and closed 8, bringing the total to 929 clinics.
Headline financials
Revenue & EPS history
ATI · Revenue · Quarterly
$157M
Revenue by segment
ATI · $157M total across 2 segments · Q3 2022
- Net Patient Revenue$142M+0.3%90.8%
- Other Revenue$14.5M-15.8%9.2%
Forward guidance
ATI is aggressively working to implement changes to deliver expected results, despite a continuing tight labor market and other secular headwinds.
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 Q3 2022
-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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