Search This Blog

Thursday, May 2, 2019

U.S. Physical Therapy reports adjusted EPS 39c, consensus 60c

Reports Q1 revenue $, consensus $116.05M. Same store revenues for de novo and acquired clinics open for one year or more increased 4.7% in the most recent quarter. Visits increased 3.6% for de novo and acquired clinics open for one year or more while the same store net rate increased 1.0%. CEO Chris Reading said, “Despite a historically long and difficult winter our dedicated team of partners, clinicians and support staff got us started off on the right foot for 2019. Cost control coupled with good volume helped to create some meaningful margin improvement in all aspects of our business. With our recently announced industrial injury prevention acquisition coupled with continued opportunity, internally and externally, we look forward to a good year ahead.”

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.