---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-056432"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:08:06.852339+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Select Medical reports Q1 2024 revenue $1.79B (+7.4%), adj EPS $0.77 (+37.5%); declares $0.125 dividend; updates outlook

## Summary
- Revenue $1,788.8M (+7.4% YoY); net income $117.2M (+37.4%); GAAP EPS $0.75 (+33.9%).
- Adjusted EPS $0.77 (+37.5% YoY); Adjusted EBITDA $261.9M (+22.4% YoY).
- Critical illness recovery hospital segment adjusted EBITDA $115.9M (+51.0%); margin improved to 17.7%.
- Reaffirms 2024 revenue outlook $6.9-7.1B; adjusts EBITDA outlook to $845-885M; adj EPS outlook $1.96-2.20.
- Declares cash dividend $0.125 per share, payable May 30, 2024 to holders of record May 16.

## SEC filing metadata
- accession: 0001104659-24-056432
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2024-05-02T23:59:59+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/1320414/000110465924056432/0001104659-24-056432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465924056432/tm2413286d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-056432
- JSON: https://secwatch.observer/filing/0001104659-24-056432.json
- Plain text: https://secwatch.observer/filing/0001104659-24-056432.txt

## Key facts
- Earnings Releases
  SELECT MEDICAL HOLDINGS CORP reported for its first quarter ended March 31, 2024 results: revenue increased 7.4% to $1,788.8 million, net income increased 37.4% to $117.2 million, EPS increased 33.9% to $0.75.
  - Period: for its first quarter ended March 31, 2024
  - Revenue: increased 7.4% to $1,788.8 million
  - Net income: increased 37.4% to $117.2 million
  - EPS: increased 33.9% to $0.75
  - Result: reported results
  source text: SEM) today announced results for its first quarter ended March 31, 2024, and the declaration of a cash dividend. For the first quarter ended March 31, 2024, revenue increased 7.4% to $1,788.8 million, compared to $1,665.0 million for the same quarter, prior year. Income from operations increased 28.1% to $194.0 million for the first quarter ended March
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320414/000110465924056432/0001104659-24-056432-index.htm

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