ATI reports Q2 adjusted EPS ($17.74) may not compare with consensus ($3.53)

Reports Q2 revenue $172.3M, consensus $170.08M. Q2 EPS view is adjusted on a retrospective basis to reflect the reverse stock split completed in June. As of June 30 total liquidity was $57.7M comprised of cash and cash equivalents of $37.7M and available revolving credit facility of $20.0M. “We delivered sequential improvement in nearly every key performance metric in the second quarter, underscoring the solid execution of our transformation initiatives and strong demand for physical therapy services,” said Sharon Vitti, CEO of ATI. “We provided outstanding care and service to the highest number of patients daily since the pandemic began. Moreover, payors are increasingly recognizing the value of high-quality physical therapy with reimbursement increases. Our progress reflects the ongoing commitment of our front-line teams, operations support, and leaders in driving operational excellence, creating exceptional experiences for patients, and delivering on our strategic vision.”