NYSE$USPH

US Physical Therapy Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported mixed results due to inflationary pressures and hurricane impacts, but volumes remained solid and the company progressed with payer contract negotiations.

U.S. Physical Therapy reported a 10.9% increase in total revenue to $139.6 million for Q3 2022 compared to Q3 2021. Net income attributable to shareholders was $9.6 million, and earnings per diluted share were $0.72. The company faced higher labor and operating costs due to inflation, and volumes were slightly impacted by Hurricane Ian.

  • Total revenue increased by 10.9% to $139.6 million.
  • Net income attributable to shareholders was $9.6 million, with earnings per diluted share at $0.72.
  • Industrial injury prevention services revenue reached an all-time high of $20.2 million, representing a 92.1% increase.
  • The company completed two acquisitions during the quarter.

Headline financials

Total Revenue

$140M

Previous: $124M+13.0%
EPS (adj)

$0.58

Previous: $0.85-31.8%
Total Patient Visits

1.1M

No prior period
Net Rate per Visit

$104.01

Previous: $102.93+1.0%
Free Cash Flow

$9.56M

Previous: $10M-4.5%
Net Income

$9.56M

Previous: $10M-4.5%
Operating Income

$14.9M

Previous: $16.9M-12.0%
Gross Profit

$26.8M

Previous: $29.8M-10.1%
Cash & Equivalents

$37.9M

Previous: $19.2M+97.6%
Total Assets

$800M

Previous: $630M+26.9%
Stock-Based Comp

$1.8M

Previous: $2.88M-37.3%

Revenue & EPS history

US Physical Therapy · Revenue · Quarterly

$140M

Q3 2022+13%vs Q3 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

US Physical Therapy · $117M total across 1 segment · Q3 2022

  • Physical Therapy Operations
    $117M+3.9%

Forward guidance

U.S. Physical Therapy expects full-year results to be within the previous guidance ranges for Operating Results and Adjusted EBITDA, but most likely on the low end of the ranges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.6%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-1.3%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+17.3%

Q3 2024

Best reaction

-27.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+1.3%+7.5%
Q4 2025-2.9%+1.9%-8.5%
Q3 2025+0.9%-15.8%-13.8%
Q2 2025+14.7%+20.4%+17.8%
Q1 2025-0.1%+8.8%+8.9%
Q4 2024-6.0%-9.5%-18.0%
Q3 2024+17.3%+14.8%+17.9%
Q2 2024-6.8%-3.9%-5.4%
Q1 2024-2.2%+0.2%-8.0%
Q4 2023+3.4%+2.8%+9.8%
Q3 2023-2.8%-3.3%+4.3%
Q2 2023-8.6%-8.1%-19.8%
Q1 2023+4.5%+10.1%+2.1%
Q4 2022+2.1%+2.2%-5.7%
Q3 2022-8.9%-4.0%-0.3%
Q2 2022-27.5%-29.9%-37.0%
Q1 2022-4.4%-4.1%+4.2%
Q4 2021-5.8%-6.5%-2.1%
Q3 2021-3.6%-8.2%-21.6%
Q2 2021-3.6%-5.4%-1.1%
Q1 2021+6.0%+4.5%+6.6%
Q4 2020-17.2%-19.8%-24.3%
Q3 2020+8.4%+26.6%+29.2%
Q2 2020+2.4%+1.1%+3.7%
Q1 2020-1.0%+2.7%+0.9%
Q4 2019-17.7%-16.0%-49.0%
Q3 2019-20.1%-20.4%-20.5%
Q2 2019+3.9%+6.1%+8.1%
Q1 2019+2.3%+3.3%-1.2%
Q4 2018+3.2%+3.4%+2.1%
Q3 2018+5.1%+6.5%+10.7%
Q2 2018+8.9%+7.0%+18.9%
Q1 2018-1.4%-0.5%+2.4%
Q4 2017+6.8%+2.7%+4.9%
Q3 2017-2.6%-2.9%+5.7%
Q2 2017+2.4%+2.6%-2.9%
Q1 2017-6.0%+0.8%-2.1%
Q4 2016+1.7%+2.0%-1.2%
Q3 2016-1.2%+0.5%+14.3%
Q2 2016+4.7%+4.0%+9.7%
Q1 2016+12.7%
Q4 2015+1.2%
Q3 2015+2.3%
Q2 2015-5.0%
Q1 2015+7.9%
Q4 2014+5.4%
Q3 2014-7.2%
Q2 2014+5.8%
Q1 2014+3.0%
Q4 2013-0.3%
Q3 2013-7.1%
Q2 2013+6.0%
Q1 2013+3.5%
Q4 2012-4.6%
Q3 2012+0.6%
Q2 2012+0.6%
Q1 2011+1.0%
Q1 2012+2.1%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2011+1.9%
Q3 2010+1.9%
Q2 2010-10.9%
Q2 2011-10.9%
Q4 2010-10.9%
Q1 2010+12.8%

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