Keith Newton
President and Chief Executive Officer
Replay available
Concentra Group Holdings Parent, Inc. (CON) Q3 2025 Earnings Call
Concentra Group Holdings Parent, Inc. (NYSE: CON) Q3 2025 earnings conference call, held 2025-11-06. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Concentra Group Holdings Parent, Inc..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.976 Our operations and sales and marketing teams have done a nice job driving visits and 00:00:04.976 -- 00:00:09.881 gaining market share against a macroeconomic backdrop that I would generally describe 00:00:09.881 -- 00:00:14.265 as uncertain considering interest rates, tariffs, and the shutdown. 00:00:14.265 -- 00:00:19.310 Some recently published jobs data would seemingly indicate that we're in an 00:00:19.310 -- 00:00:23.815 economic environment that is slowing down, but we aren't necessarily seeing that play 00:00:23.815 -- 00:00:26.718 out in our business to date. 00:00:26.718 -- 00:00:32.336 With respect to macroeconomic data reporting over a long period of time, 00:00:32.336 -- 00:00:36.861 we have seen correlation between our workers' compensation volume and employment levels 00:00:36.861 -- 00:00:41.906 reported by the BLS, and there is strong correlation between our employer 00:00:41.906 -- 00:00:48.252 services volumes and quits and hiring rates within the BLS JOLTS data. 00:00:48.252 -- 00:00:53.678 However, we've also found that our workers' comp visit data has largely lacked 00:00:53.678 -- 00:00:58.773 correlation with BLS employment data in the most recent times. 00:00:58.773 -- 00:01:03.900 I just point that out so that the folks don't rely solely on the publicly reported jobs 00:01:03.900 -- 00:01:08.626 data as the only proxy for our visit volume. 00:01:08.626 -- 00:01:13.693 On the rate front, we had strong growth again with a 4.2% increase in revenue 00:01:13.693 -- 00:01:17.398 per visit this quarter versus the same quarter prior year. 00:01:17.398 -- 00:01:22.424 This growth was driven by a 4.7% increase in workers' compensation and a 00:01:22.424 -- 00:01:23.986 2.7% 00:01:23.986 -- 00:01:28.422 increase in e...