---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-104425"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:16:09.430143+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Select Medical Q3 revenue up 7.2% to $1.36B, EPS $0.23; raises FY25 EPS guidance

## Summary
- Q3 revenue $1,363.4M (+7.2% YoY); income from cont ops $44.2M (+7%); Adj EBITDA $111.7M (+7.5%).
- EPS from cont ops $0.23 vs $0.19 (+21.1%); adjusted EPS $0.23 vs $0.26 (-11.5%).
- Rehab hospital rev +16.2% to $328.6M; outpatient rehab EBITDA margin fell to 7.4% from 9.1%.
- FY25 outlook: revenue $5.3-5.5B, Adj EBITDA $510-530M, diluted EPS $1.14-1.24 (raised).
- Dividend $0.0625/share declared; stock buyback program extended to Dec 31, 2027.

## SEC filing metadata
- accession: 0001104659-25-104425
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465925104425/0001104659-25-104425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465925104425/tm2529665d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-104425
- JSON: https://secwatch.observer/filing/0001104659-25-104425.json
- Plain text: https://secwatch.observer/filing/0001104659-25-104425.txt

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