Loading...
•
Jun 30, 2021
Select Medical Q2 2021 Earnings Report
Select Medical's financial performance significantly improved, driven by strong revenue growth and increased profitability across all segments.
Key Takeaways
Select Medical Holdings Corporation announced strong second-quarter results with a 26.9% increase in revenue to $1,564.0 million and a 190.7% increase in net income to $196.2 million compared to the same quarter last year. Earnings per share increased to $1.22, and adjusted EBITDA rose by 91.3% to $342.0 million.
Revenue increased by 26.9% to $1,564.0 million compared to the same quarter last year.
Net income increased by 190.7% to $196.2 million compared to the same quarter last year.
Earnings per share increased to $1.22 compared to $0.39 for the same quarter last year.
Adjusted EBITDA increased by 91.3% to $342.0 million compared to the same quarter last year.
Revenue by Segment
Forward Guidance
Select Medical is updating its business outlook for 2021 following the reporting of its second quarter 2021 results. Select Medical now expects revenue for the full year of 2021 to be in the range of $5.85 billion to $6.05 billion and Adjusted EBITDA for the full year of 2021 to be in the range of $970.0 million to $1.0 billion. Select Medical now expects fully diluted earnings per common share for the full year of 2021 to be in the range of $2.91 to $3.08.
Positive Outlook
- Revenue for the full year of 2021 is expected to be in the range of $5.85 billion to $6.05 billion.
- Adjusted EBITDA for the full year of 2021 is expected to be in the range of $970.0 million to $1.0 billion.
- Fully diluted earnings per common share for the full year of 2021 are expected to be in the range of $2.91 to $3.08.
- Compound annual growth for revenue is expected to be in the range of 4% to 6% from 2021 through 2023.
- Compound annual growth for Adjusted EBITDA is expected to be in the range of 7% to 8% from 2021 through 2023.
Challenges Ahead
- The unpredictable effects of the COVID-19 pandemic, including the duration and extent of disruption on Select Medical’s operations, creates uncertainties about Select Medical’s future operating results and financial condition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...