U.S. Physical Therapy, Inc. (NYSE:USPH) Q1 2024 Earnings Conference Call May 8, 2024 10:30 AM ET
Company Participants
Christopher Reading - CEO
Jake Martinez - SVP, Accounting and Finance
Carey Hendrickson - CFO
Eric Williams - COO
Conference Call Participants
Brian Tanquilutit - Jefferies
Joanna Gajuk - Bank of America Merrill Lynch
Larry Solow - CJS Securities
Mike Petusky - Barrington Research
Operator
Good day, and thank you for standing by. Welcome to the U.S. Physical Therapy First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I'd now like to turn the call over to Chris Reading, President and CEO. Please go ahead, sir.
Christopher Reading
Okay. Thanks, David. Good morning, and welcome, everyone, to our U.S. Physical Therapy First Quarter 2024 Earnings Call. With me on the line this morning include Carey Hendrickson, our CFO, and Eric Williams, who is our COO East, and Eric will be assuming a larger role in our company as he takes over as President in just a few weeks after our Annual Meeting later this month. So we congratulate him on that. Graham Reeve, our COO West; and Jake Martinez, our Senior Vice President, Finance and Accounting.
Before we begin our prepared remarks, I'll ask Jake to cover a brief disclosure statement.
Jake Martinez
Thank you, Chris. This presentation contains 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.
Christopher Reading
Thanks, Jake. I'm going to keep my remarks reasonably brief, but I do want to give you kind of an overview of what I think are some important takeaways for the start of the year. So let me begin by saying that while these past few years have not been easy for anybody in our industry, I think our team has done some remarkable things in that period. We feel like we're off to a good start for this year as well. For some of you, I know that it may feel like this first quarter is a little bit of a disappointment, having enjoyed an all-time record Q1 in 2023. This quarter was actually ahead of where we expected to be and that expectation was baked into our original guidance, which you will see we are updating today.