Select Medical Q3 net income drops 62% to $38.1M; EPS $0.21 vs $0.57

SELECT MEDICAL HOLDINGS CORP

2022-Q3 EPS reported $1.01 revenue$4,752,082,000

Revenue $1,567.8M (+2.2% YoY); net income $38.1M vs $100.2M; EPS $0.21 vs $0.57.
Adjusted EBITDA fell to $153.1M from $208.6M; operating income $91.5M vs $150.3M.
Critical illness recovery hospital segment Adjusted EBITDA plunged to $11.0M from $57.2M; margin 2.1% vs 10.8%.
Board declared $0.125 per share dividend, payable Nov 29 to holders of record Nov 16.
Reaffirmed FY2022 revenue outlook of $6.25-6.40B; labor climate delays EBITDA and EPS guidance.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SELECT MEDICAL HOLDINGS CORP reported nine months ended September 30, 2022 results: revenue $4,752.1 million, net income $160.3 million, EPS $1.01.

Period: nine months ended September 30, 2022
Revenue: $4,752.1 million
Net income: $160.3 million
EPS: $1.01
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, revenue increased 2.3% to $4,752.1 million, compared to $4,644.7 million for the same period, prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SELECT MEDICAL HOLDINGS CORP reported third quarter ended September 30, 2022 results: revenue $1,567.8 million, net income $38.1 million, EPS $0.21.

Period: third quarter ended September 30, 2022
Revenue: $1,567.8 million
Net income: $38.1 million
EPS: $0.21
Result: reported results

Exact text from the filing

Select Medical Holdings Corporation (“Select Medical,” “we,” “us,” or “our”) (NYSE: SEM) today announced results for its third quarter ended September 30, 2022, and the declaration of a cash dividend. For the third quarter ended September 30, 2022, revenue increased 2.2% to $1,567.8 million, compared to $1,534.2 million for the same quarter, prior year.

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Source: SEC EDGAR

accession 0001104659-22-114448

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