secwatch.observer — SEC 8-K summary
======================================

Issuer:     SELECT MEDICAL HOLDINGS CORP (SEM)
CIK:        0001320414
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056505
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Select Medical Q1 net income drops 59% to $55.9M; revenue up 3.4% to $1.60B
---------------------------------------------------------------------------

- Adjusted EBITDA fell 37% to $163.8M from $258.3M; operating income $104.0M vs $202.0M.
- EPS $0.37 vs $0.82; critical illness hospital segment Adjusted EBITDA margin fell to 6.0% from 19.0%.
- Dividend of $0.125 per share declared; payable June 1, 2022 to holders of record May 19, 2022.
- Reaffirmed FY2022 revenue outlook $6.25B-$6.40B; labor climate cited for withholding EBITDA and EPS outlook.
- Concentra segment Adjusted EBITDA up 9.1% to $89.5M with 21.1% margin; repurchased 2.1M shares in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320414/000110465922056505/0001104659-22-056505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320414/000110465922056505/tm2214579d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer