Select Medical Q1 revenue up 4.1% to $1.665B; net income up 52.4%; declares $0.125 dividend

SELECT MEDICAL HOLDINGS CORP

2023-Q1 EPS reported $0.56 revenue$1,664,980,000

Revenue $1,665M (+4.1% YoY); net income $85.3M (+52.4%); EPS $0.56 (+51.3%).
Adjusted EBITDA $214.1M (+30.6%); operating income $151.5M (+45.7%).
Critical illness recovery hospital segment Adjusted EBITDA surged 113.5% to $76.8M; other segments also grew.
Declared $0.125/share dividend payable May 31 to holders of record May 18.
FY 2023 outlook: revenue $6.5B-$6.7B; Adjusted EBITDA $780M-$820M; EPS $1.75-$1.99.

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 0.9

SELECT MEDICAL HOLDINGS CORP reported first quarter ended March 31, 2023 results: revenue $1,665.0 million, net income $85.3 million, EPS $0.56.

Period: first quarter ended March 31, 2023
Revenue: $1,665.0 million
Net income: $85.3 million
EPS: $0.56
Result: reported results

Exact text from the filing

For the first quarter ended March 31, 2023, revenue increased 4.1% to $1,665.0 million, compared to $1,599.5 million for the same quarter, prior year. Income from operations increased 45.7% to $151.5 million for the first quarter ended March 31, 2023, compared to $104.0 million for the same quarter, prior year. Net income increased 52.4% to $85.3 million for the first quarter ended March 31, 2023, compared to $55.9 million for the same quarter, prior year. Adjusted EBITDA increased 30.6% to $214.1 million for the first quarter ended March 31, 2023, compared to $163.8 million for the same quarter, prior year. Earnings per common share increased 51.3% to $0.56 for the first quarter ended March 31, 2023, compared to $0.37 for the same quarter, prior year.

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Source: SEC EDGAR

accession 0001104659-23-056064

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