U.S. Physical Therapy, Inc. — Third Quarter 2026 Earnings Summary

U.S. Physical Therapy, Inc. reported third-quarter 2026 total net revenue of $223 million, representing a 13% increase from the prior year period. The company achieved adjusted net income of $12 million and adjusted earnings per share of $0.80, while adjusted EBITDA rose to $28 million. Patient visits increased by 8% to 1.7 million, and revenue per patient visit grew to $111, driven by the integration of 72 clinics under new hospital affiliation agreements. Management reaffirmed its full-year 2026 adjusted EBITDA guidance of $102 million to $106 million and declared a quarterly dividend of $0.46 per share.