U.S. Physical Therapy, Inc.

Good day and thank you for standing by. Welcome to the U.S. Physical Therapy Second Quarter 2025 Full Year Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. In order to ask a question during the session, please press star followed by the number 1 on your telephone keypad. Please be advised that today's conference call is being recorded. If you require any further assistance, please press star zero. I'd now like to turn the call over to Chris Redding, Chairman and CEO. Please go ahead, sir.

Chris Redding, Chairman and CEO, Thank you. Good morning, everyone, and welcome to U.S. Physical Therapy Second Quarter 2025 Earnings Call. With me on the call include Carrie Hendrickson, our Chief Financial Officer, Eric Williams, our President and Chief Operating Officer in EAST, Graham Reeve, Chief Operating Officer in the West, Rick Binstein, Executive Vice President, General Counsel, Jason Curtis, 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.

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. This presentation also contains certain non-GAAP measures as defined in Regulation G, and the related reconciliations can be found in the company's earnings release and the company presentations on our website.