U.S. Physical Therapy, Inc.

The Company s Board of Directors declared a quarterly dividend of $0.46 which will be payable on June 12, 2026 to shareholders of record on May 22, 2026.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Reading continued Additionally, and importantly, we recently completed our expanded and upgraded credit facility which gives us tremendous capacity for continued growth in physical therapy, industrial injury prevention, and our new and very focused efforts to expand our hospital alliance footprint.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

The Company had outstanding borrowings under the Company s credit facility of $203.9 million as of March 31, 2026 compared to $161.8 million as of December 31, 2025.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

As previously announced, on April 14, 2026, the Company closed on a $450.0 million, five-year credit facility that includes a $175.0 million term loan and a $275.0 million revolver with a maturity date of April 14, 2031.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

This is an increase and extension of the Company s prior $325.0 million credit facility which was due to expire on June 17, 2027.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

As most of the Company s leases do not specify an implicit rate, the Company uses its incremental borrowing rate, which coincides with the lease term at the commencement of a lease, in determining the present value of its remaining lease payments.

SEC original ↗U.S. Physical Therapy, Inc. — 10-Q Quarterly report10-QAug 7, 2026

Chris Reading, Chairman and Chief Executive Officer commented, I want to begin by thanking our partners and clinical teams for their tremendous care and their continued efforts on behalf of our patients and across several important initiatives this year.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

These include a partial virtualization of our front desk; company-wide rollout of ambient-listening technology to improve documentation efficiency and allow for more patient-centric interaction; remote therapeutic monitoring for our traditional Medicare patients to facilitate greater home program adherence positively impacting care and outcomes; and targeted cash-based program expansion across our top partnerships impacting care and outcomes as well as overall margin.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

These initiatives, along with our very important hospital alliance focus, will bear fruit particularly in the second half of the year.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

In this first quarter we had very positive announcements across all of those initiatives with more good things to come.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

The two previously announced strategic hospital alliances are expected to be accretive to the Company s revenue, EBITDA, and margins.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

These statements (often using words such as believes , expects , intends , plans , appear , should and similar words) involve risks and uncertainties that could cause actual results to differ materially from those we expect.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Given these uncertainties, you should not place undue reliance on our forward-looking statements.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

For additional information regarding these and other risks and uncertainties, that could cause actual results to differ materially from those contained in our forward-looking statements, please refer to Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission ( SEC ) on February 27, 2026 and any risk factors contained in subsequent quarterly and annual reports we file with the SEC.

SEC original ↗U.S. Physical Therapy, Inc. — Earnings release (8-K exhibit)EX-99May 6, 2026

Legal Proceedings 64 Item 2.

SEC original ↗U.S. Physical Therapy, Inc. — 10-Q Quarterly report10-QAug 7, 2026