Select Medical Holdings increases operating revenues 9.9% — 6 insights

Select Medical Holdings Corp. posted nearly $1.4 billion in third-quarter revenues in 2019.

Six insights:

1. The company increased its revenues 9.9 percent year over year.

2. Operations-related income increased 23.1 percent year over year, from from $99.8 million to $122.9 million.

3. The company posted a net income of $157.4 million for the first nine months of the year, which included pre-tax losses on early retirement debt of $18.6 million and a pre-tax gain on sale of businesses of $6.5 million.

4. Select Medical reported adjusted earnings per share of $0.33 for the quarter, up from $0.23 per share in the same quarter last year.

5. Year-to-date, Select Medical has made $4.08 billion in net operating revenues, compared to $3.82 billion by the same time last year.

6. Select Medical puts full-year projections for net operating revenues at between approximately $5.38 billion and $5.43 billion.

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