U.S. Physical Therapy, Inc. (USPH) Q4 2024 Earnings Call Transcript

2025-02-27 17:44:04 ET

U.S. Physical Therapy, Inc. (USPH)

Q4 2024 Results Conference Call

February 26, 2025 10:30 AM EDT

Company Participants

Chris Reading - Chairman and CEO

Jake Martinez - Senior Vice President, Finance and Accounting

Carey Hendrickson - Chief Financial Officer

Eric Williams - President and COO

Conference Call Participants

Brian Tanquilutit - Jefferies

Larry Solow - CJS Securities

Jared Haase - William Blair

Mike Petusky - Barrington Research

Joanna Gajuk - Bank of America

Presentation

Operator

Good day and thank you for standing by. Welcome to the U.S. Physical Therapy Fourth Quarter 2024 and Full Year Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded. [Operator Instructions]. I would now like to turn the call over to Chris Reading, Chairman and CEO. Please go ahead, sir.

Chris Reading

Thanks, David. Good morning, and welcome, everyone, to our U.S. Physical Therapy fourth quarter and year end 2024 earnings call. With me on the line this morning includes Carey Hendrickson, our CFO; Eric Williams, our President and COO East; Graham Reeve, our COO West; Rick Binstein, our Executive Vice President and General Counsel; Jake Martinez, our Senior Vice President of Finance and Accounting.

Before I begin this morning with some color on the quarter and the year, we need to go ahead and cover a brief disclosure. Jake, if you would, please.

Jake Martinez

Thank you, Chris. The presentation includes forward looking statements, which involve certain risks and uncertainties. These forward-looking statements are based on the company's current views and assumptions. The company's actual results may vary materially from those anticipated. Please see the company's filings with the Securities and Exchange Commission for more information.

This presentation also contains certain non-GAAP measures as defined in Regulation G, and the related reconciliations can be found in the company's earnings release and the company's presentations on our website. Chris?

Chris Reading

Thanks, Jake. Hey, everyone. I want to begin this morning by thanking our clinicians, our partners, and our leadership and support teams for their tireless work this year on behalf of hundreds of thousands of individual patients whose lives we've helped positively impact as we interact in a very personal, professional, and life improving way with our physical therapy intervention across more than 5 million patient encounters. I'm particularly proud of all of our facilities for the way patients feel about them with a net promoter score across our network of 93, which as you know is outstanding. ...

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