---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026568"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:37:24.703123+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Select Medical Q4 net income +63.9%, FY EPS $1.91; issues 2024 guidance

## Summary
- Q4 revenue $1,658.9M (+4.9% YoY); net income $61.8M (+63.9%); EPS $0.36 (+63.6%).
- FY 2023 revenue $6,664.1M (+5.2%); net income $299.7M (+51.4%); adjusted EPS $1.99 (+61.8%).
- Critical illness recovery hospital segment FY Adjusted EBITDA surged 121% to $246.0M.
- Board declared $0.125/share dividend payable March 13, 2024; $1B stock buyback authorized through 2025.
- 2024 outlook: revenue $6.9B–$7.1B, Adjusted EBITDA $830M–$880M, EPS $1.88–$2.18.

## SEC filing metadata
- accession: 0001104659-24-026568
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465924026568/0001104659-24-026568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465924026568/tm246929d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026568
- JSON: https://secwatch.observer/filing/0001104659-24-026568.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026568.txt

## Key facts
- Earnings Releases
  SELECT MEDICAL HOLDINGS CORP reported fourth quarter ended December 31, 2023 results: revenue $1,658.9 million, net income $61.8 million, EPS $0.36.
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $1,658.9 million
  - Net income: $61.8 million
  - EPS: $0.36
  - Result: reported results
  source text: For the fourth quarter ended December 31, 2023, revenue increased 4.9% to $1,658.9 million, compared to $1,581.5 million for the same quarter, prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320414/000110465924026568/0001104659-24-026568-index.htm
- Earnings Releases
  SELECT MEDICAL HOLDINGS CORP reported year ended December 31, 2023 results: revenue $6,664.1 million, net income $299.7 million, EPS $1.91.
  - Period: year ended December 31, 2023
  - Revenue: $6,664.1 million
  - Net income: $299.7 million
  - EPS: $1.91
  - Result: reported results
  source text: For the year ended December 31, 2023, revenue increased 5.2% to $6,664.1 million, compared to $6,333.5 million for the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320414/000110465924026568/0001104659-24-026568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.