Select Medical Q3 revenue $1.67B (+6.2%), EPS $0.38 (+75.8%), maintains FY outlook

SELECT MEDICAL HOLDINGS CORP

2023-Q3 EPS reported $1.55 revenue$5,005,202,000

Q3 revenue $1,665.7M (+6.2% YoY); net income $60.8M (+59.5%).
Q3 adjusted EBITDA $193.8M (+26.6%); adjusted EPS $0.46 (+113.7%).
Critical illness recovery hospital segment Adjusted EBITDA surged 321% to $46.4M.
FY 2023 outlook maintained: revenue $6.55B-$6.7B, Adj. EBITDA $795M-$825M, EPS $1.77-$1.94.
Board declared $0.125/share dividend payable Nov 28; $1.0B stock repurchase program authorized.

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 third quarter ended September 30, 2023 results: revenue $1,665.7 million, net income $60.8 million, EPS $0.38.

Period: third quarter ended September 30, 2023
Revenue: $1,665.7 million
Net income: $60.8 million
EPS: $0.38
Result: reported results

Exact text from the filing

For the third quarter ended September 30, 2023, revenue increased 6.2% to $1,665.7 million, compared to $1,567.8 million for the same quarter, prior year. Income from operations increased 42.1% to $130.0 million for the third quarter ended September 30, 2023, compared to $91.5 million for the same quarter, prior year. For the third quarter ended September 30, 2023, income from operations included $0.5 million of other operating income, compared to $8.4 million of other operating income for the same quarter, prior year. The other operating income for the third quarter ended September 30, 2022, was principally related to the recognition of payments received under the Coronavirus Aid, Relief, and Economic Security Act Public Health and Social Services Emergency Fund, also referred to as the Provider Relief Fund. Net income increased 59.5% to $60.8 million for the third quarter ended September 30, 2023, compared to $38.1 million for the same quarter, prior year. Adjusted EBITDA increased 2

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Source: SEC EDGAR

accession 0001104659-23-113833

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