NYSE$SEM

Select Medical Holdings Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced results for the second quarter ended June 30, 2022, and declared a cash dividend.

Select Medical Holdings Corporation reported a 1.3% increase in revenue to $1,584.7 million for the second quarter ended June 30, 2022, compared to $1,564.0 million for the same quarter, prior year. Net income was $66.3 million, compared to $196.2 million for the same quarter, prior year. Earnings per common share was $0.43, compared to $1.22 for the same quarter, prior year.

  • Revenue increased 1.3% to $1,584.7 million compared to the same quarter last year.
  • Net income decreased to $66.3 million compared to $196.2 million for the same quarter, prior year.
  • Earnings per common share decreased to $0.43 compared to $1.22 for the same quarter, prior year.
  • Select Medical reaffirms its 2022 business outlook for revenue, expecting consolidated revenue to be in the range of $6.25 billion to $6.40 billion.

Headline financials

Total Revenue

$1.58B

Previous: $1.56B+1.3%
EPS (adj)

$0.43

Previous: $1.22-64.8%
Free Cash Flow

$55.2M

Previous: $165M-66.5%
Net Income

$55.2M

Previous: $165M-66.5%
Operating Income

$121M

Previous: $284M-57.4%
Gross Profit

-$1.39B

Previous: -$1.29B-7.7%
Cash & Equivalents

$94.7M

Previous: $803M-88.2%
Total Assets

$7.55B

Previous: $7.96B-5.1%
Stock-Based Comp

$8.95M

Previous: $7.1M+26.0%

Revenue & EPS history

Select Medical · Revenue · Quarterly

$1.58B

Q2 2022+1.3%vs Q2 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Select Medical · $1.06B total across 3 segments · Q2 2022

  • Critical Illness Recovery
    $546M+0.3%
  • Outpatient Rehabilitation
    $287M+2.5%
  • Rehabilitation Hospital
    $229M+7.6%

Forward guidance

Select Medical reaffirms its 2022 business outlook for revenue and its previously issued three-year compound annual growth rate target for revenue only.

Tailwinds

  • Consolidated revenue is expected to be in the range of $6.25 billion to $6.40 billion for the full year of 2022.
  • Three-year compound annual growth rate target for revenue is expected to be in the range of 4% to 6% for 2021 through 2023.

Headwinds

  • The company intends to address its business outlook and target compound annual growth rates for Adjusted EBITDA and earnings per common share when the labor climate stabilizes.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.5%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+18.8%

Q3 2018

Best reaction

-22.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+0.1%+0.7%
Q4 2025-6.5%-7.3%+1.1%
Q3 2025-5.8%-5.1%+9.1%
Q1 2025-22.2%-17.7%-16.2%
Q4 2024-7.2%-2.9%-13.1%
Q3 2024+9.4%+13.3%+19.3%
Q2 2024-14.0%-17.2%-9.3%
Q1 2024+12.3%+17.0%+23.5%
Q4 2023+6.7%+4.6%+7.7%
Q3 2023-1.2%-2.7%+3.9%
Q2 2023-1.3%-2.5%-4.3%
Q1 2023+4.8%-0.8%-2.8%
Q4 2022-7.8%-9.1%-17.6%
Q3 2022-6.5%-10.9%+0.9%
Q2 2022-4.1%-11.1%-14.7%
Q1 2022+0.9%-4.2%+10.6%
Q4 2021+1.1%+2.2%+3.5%
Q3 2021+2.4%-0.9%-18.4%
Q2 2021-3.3%-6.9%-7.7%
Q1 2021-2.5%-3.1%+4.9%
Q4 2020+10.5%+16.9%+20.5%
Q3 2020-1.7%+8.5%+15.4%
Q2 2020+13.1%+14.7%+21.2%
Q1 2020-15.3%-12.9%-6.3%
Q4 2019+8.9%-0.1%-55.6%
Q3 2019+5.7%+10.6%+22.9%
Q2 2019-5.8%-5.8%-3.1%
Q1 2019+1.7%+3.0%-1.3%
Q4 2018+0.1%-4.8%-10.1%
Q3 2018+18.8%+21.2%+16.9%
Q2 2018-5.0%-7.5%-6.6%
Q1 2018-4.4%-3.5%-2.9%
Q4 2017+11.2%+11.4%+7.8%
Q3 2017-7.8%-9.4%-6.5%
Q2 2017+8.6%+12.7%+18.7%
Q1 2017+5.9%+1.1%+3.7%
Q4 2016+9.6%+11.6%-3.1%
Q3 2016-8.2%-6.1%-1.2%
Q2 2016+10.6%+6.3%+9.3%
Q1 2016-4.5%
Q4 2015+10.9%
Q3 2015+5.0%
Q2 2015+0.1%
Q1 2015+0.0%
Q4 2014-5.2%
Q3 2014+11.3%
Q2 2014-12.4%
Q1 2014+0.5%
Q4 2013+1.7%
Q3 2013+1.1%
Q2 2013+1.3%
Q1 2013-2.5%
Q4 2012+4.0%
Q3 2012+10.0%
Q2 2012+9.1%
Q1 2011-3.2%
Q1 2012+1.1%
Q4 2009-0.4%
Q4 2011-0.4%
Q3 2010-2.4%
Q3 2011-2.4%
Q4 2010-15.8%
Q2 2010-15.8%
Q2 2011-15.8%
Q1 2010-7.2%

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