U.s. Physical Therapy ( (USPH) ) has released its Q4 earnings. Here is a breakdown of the information U.s. Physical Therapy presented to its investors.
U.S. Physical Therapy, Inc. operates a network of outpatient physical therapy clinics and offers industrial injury prevention services across the United States. The company recently reported its financial results for the fourth quarter and full year of 2024, highlighting record patient volumes and providing guidance for 2025.
In 2024, U.S. Physical Therapy achieved an adjusted EBITDA of $81.8 million, marking an increase from the previous year. The company’s net income rose to $31.4 million, despite challenges such as Medicare reimbursement reductions and inflationary pressures. The fourth quarter saw a 14.2% increase in total revenue from physical therapy operations, driven by a rise in patient visits and improved reimbursement rates.
Key financial metrics for the fourth quarter included a 32.1% increase in industrial injury prevention services revenue and a record-high average of 31.7 daily patient visits per clinic. The company expanded its operations by adding 70 new clinics and acquiring significant equity interests in management services organizations and clinic practices.
Looking ahead, U.S. Physical Therapy anticipates continued growth in 2025, with expected adjusted EBITDA ranging from $88 million to $93 million. The company plans to offset anticipated Medicare rate reductions through strategic acquisitions, rate negotiations, and increased clinic volumes, positioning itself for a solid growth year.