U.S. Physical Therapy, Inc. (USPH) Q2 2025 Earnings Call Transcript

U.S. Physical Therapy, Inc. (NYSE:USPH) Q2 2025 Earnings Conference Call August 7, 2025 10:30 AM ET

Company Participants

Carey P. Hendrickson – Chief Financial Officer
Christopher J. Reading – CEO & Chairman
Eric Joseph Williams – President & COO
Jason Curtis – Corporate Participant

Conference Call Participants

Benjamin Michael Rossi – JPMorgan Chase & Co, Research Division
Brian Gil Tanquilut – Jefferies LLC, Research Division
Jared Phillip Haase – William Blair & Company L.L.C., Research Division
Jiten Sanghai – Unidentified Company
Joanna Sylvia Gajuk – BofA Securities, Research Division
Lawrence Scott Solow – CJS Securities, Inc.
Michael John Petusky – Barrington Research Associates, Inc., Research Division

Operator

Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy Second Quarter 2025 Full Year Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference call is being recorded. [Operator Instructions]

I’d now like to turn the call over to Chris Reading, Chairman and CEO. Please go ahead, sir.

Christopher J. Reading

Thank you. Good morning, everyone, and welcome to U.S. Physical Therapy Second Quarter 2025 Earnings Call. With me on the call include Carey Hendrickson, our Chief Financial Officer; Eric Williams, our President and Chief Operating Officer in the East; Graham Reeve, our Chief Operating Officer in the West; Rick Binstein, our Executive Vice President and General Counsel; Jason Curtis, our Senior Vice President, Accounting and Finance Area.

Before we begin today’s call, we need to cover a brief disclosure, which I’ll ask Jason to go ahead and read.

Jason Curtis

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.