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US Physical Therapy shared its third-quarter results, showing a 13% rise in revenue from more therapy visits.

ResultsRead the original at Benzinga
Good for USPH

USPH's Q3 sales rose 13%, and EBITDA grew over 16%, helped by more visits and higher payment per visit. Health costs were $7 million higher than last year, and borrowings reached $247 million, but profit growth and the unchanged forecast outweigh these pressures.

USPH · US Physical Therapy

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More visits and higher payment per visit helped USPH bring in more sales. Hospital revenue rose from less than 5% to over 13% of total sales as partnerships expanded. The company kept its full-year forecast for EBITDA, a measure of operating profit, at $102 million to $106 million. Health costs were $7 million above last year, but EBITDA grew despite them. Credit-line borrowings reached $247 million to fund acquisitions and share repurchases.

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