U.S. Physical Therapy Q2 Revenue Update
Ticker: USPH · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 885978
Sentiment: neutral
Topics: quarterly-report, revenue, healthcare
TL;DR
USPH Q2 net patient revenue $179.5M, other revenue $38.6M. Six-month totals $357.7M and $76.6M.
AI Summary
U.S. Physical Therapy Inc. reported its second quarter 2024 results, with net patient revenues for the three months ended June 30, 2024, totaling $179.5 million. Other revenues, including management contracts and industrial injury prevention services, amounted to $38.6 million for the same period. For the six months ended June 30, 2024, net patient revenues were $357.7 million, and other revenues were $76.6 million.
Why It Matters
This filing provides insight into the company's revenue generation from its core physical therapy services and other related offerings, impacting investor understanding of its financial performance.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $179.5M — Net Patient Revenues (Q2 2024) (Primary revenue stream for the quarter.)
- $38.6M — Other Revenues (Q2 2024) (Includes management contracts and industrial injury prevention services.)
- $357.7M — Net Patient Revenues (YTD 2024) (Cumulative revenue from core services for the first half of the year.)
- $76.6M — Other Revenues (YTD 2024) (Cumulative other revenues for the first half of the year.)
Key Players & Entities
- U. S. PHYSICAL THERAPY INC (company) — Filer
- 179.5 million (dollar_amount) — Net patient revenues for Q2 2024
- 38.6 million (dollar_amount) — Other revenues for Q2 2024
- 357.7 million (dollar_amount) — Net patient revenues for six months ended June 30, 2024
- 76.6 million (dollar_amount) — Other revenues for six months ended June 30, 2024
- June 30, 2024 (date) — End of reporting period
FAQ
What were the total net patient revenues for U.S. Physical Therapy Inc. in the second quarter of 2024?
Net patient revenues for the three months ended June 30, 2024, were $179.5 million.
How much revenue did U.S. Physical Therapy Inc. generate from other sources in Q2 2024?
Other revenues, including management contract revenues and industrial injury prevention services revenues, were $38.6 million for the three months ended June 30, 2024.
What were the year-to-date net patient revenues as of June 30, 2024?
For the six months ended June 30, 2024, net patient revenues were $357.7 million.
What were the year-to-date other revenues as of June 30, 2024?
For the six months ended June 30, 2024, other revenues were $76.6 million.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on August 14, 2024 regarding U S PHYSICAL THERAPY INC /NV (USPH).