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Valuation Today: Select Medical Holdings Corporation (NYSE: SEM)

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 Select Medical Holdings Corporation (NYSE: SEM) newly stated results for its 3rd-quarter finished September 30, 2k19.

For the 3rd-quarter finished September 30, 2k19, net operating revenues raised 9.90 percent to $1,393.30M, a contrast to $1,267.40M for the similar quarter, the previous year. Income from operations raised 23.10 percent to $122.90M for the 3rd-quarter finished September 30, 2k19, contrast to $99.80M for the similar quarter, previous year. Net income raised 3.20 percent to $44.00M for the 3rd-quarter finished September 30, 2k19, contrast to $42.70M for the similar quarter, previous year. For the 3rd-quarter finished September 30, 2k19, net income included pre-tax losses on early retirement of debt of $18.60M.

For the 3rd-quarter finished September 30, 2k18, net income included a pre-tax gain on sale of businesses of $2.10M. Adjusted EBITDA raised 16.60 percent to $182.70M for the 3rd-quarter finished September 30, 2k19, contrast to $156.60M for the similar quarter, previous year. Earnings for each common share was $0.230 on a fully diluted basis for the 3rd-quarter finished September 30, 2k19, contrast to $0.240 for the similar quarter, the previous year. Adjusted earnings for each common share was $0.330 on a fully diluted basis for the 3rd-quarter finished September 30, 2k19, contrast to $0.230 for the similar quarter, the previous year.

Adjusted earnings for each common share excludes the losses on early retirement of debt and related costs, and their related tax effects for the 3rd-quarter finished September 30, 2k19. Adjusted earnings for each common share excludes the gain on sale of businesses and its related tax effects for the 3rd-quarter finished September 30, 2k18. The definition of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA are presented in table IX of this release. A reconciliation of earnings for each common share to adjusted earnings for each common share is presented in table X of this release.

For the 9.0-months finished September 30, 2k19, net operating revenues raised 6.90 percent to $4,079.30M, contrast to $3,816.60M for a similar duration, the previous year. Income from operations raised 9.30 percent to $359.50M for the 9.0-monthss finished September 30, 2k19, contrast to $329.00M for a similar duration, previous year.  Net income raised 6.90 percent to $157.40M for the 9.0-monthss finished September 30, 2k19, contrast to $147.20M for a similar duration, previous year.

For the 9.0-monthss finished September 30, 2k19, net income included pre-tax losses on early retirement of debt of $18.60M and a pre-tax gain on sale of businesses of $6.50M. For the 9.0-monthss finished September 30, 2k18, net income included pre-tax losses on early retirement of debt of $10.30M, pre-tax gains on sales of businesses of $9.00M, and pre-tax U.S. HealthWorks acquisition costs of $2.90M.

Adjusted EBITDA raised 8.20 percent to $539.00M for the 9.0-monthss finished September 30, 2k19, contrast to $498.10M for a similar duration, previous year. Earnings for each common share raised to $0.860 on a fully diluted basis for the 9.0-monthss finished September 30, 2k19, a contrast to $0.840 for the similar duration, the previous year. Adjusted earnings for each common share was $0.930 on a fully diluted basis for the 9.0-monthss finished September 30, 2k19, contrast to $0.830 for a similar duration, prior year.

Adjusted earnings for each common share excludes the losses on early retirement of debt and related costs, gain on sale of businesses, and their related tax effects for the 9.0-monthss finished September 30, 2k19. Adjusted earnings for each common share excludes the losses on early retirement of debt, gains on sales of businesses, U.S. HealthWorks acquisition costs, and their related tax effects for the 9.0-monthss finished September 30, 2k18.

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