USPH - U.S. Physical Therapy Non-GAAP EPS of $0.65 beats by $0.02 revenue of $131.7M beats by $3.13M

U.S. Physical Therapy press release (NYSE:USPH): Q1 Non-GAAP EPS of $0.65 beats by $0.02. Revenue of $131.7M (+17.2% Y/Y) beats by $3.13M. Adjusted EBITDA, a non-GAAP measure was $17.9 million for the 2022 First Quarter, a 14.2% increase from $15.6 million for the 2021 First Quarter. Average visits per clinic per day in the 2022 First Quarter was 27.9, up from 27.1 in the 2021 First Quarter. Total patient visits were 1,063,519 for the 2022 First Quarter, an increase of 12.2% from 947,788 for the 2021 First Quarter. On a same store basis, visits increased 5.9% in the 2022 First Quarter as compared to the 2021 First Quarter. The net rate per patient visit was $103.00 in the 2022 First Quarter as compared to $104.72 in the 2021 First Quarter due to rate reductions implemented by Medicare in 2022.

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U.S. Physical Therapy Non-GAAP EPS of $0.65 beats by $0.02, revenue of $131.7M beats by $3.13M