Select Medical Holdings Corporation: Fourth Quarter and Full Year 2024 Results, 2025 Business Outlook, and Cash Dividend
On February 20, 2025, Select Medical Holdings Corporation, a leading provider of essential care services and workforce solutions, released its financial results for the fourth quarter and full year ended December 31, 2024. Alongside this announcement, the company provided its business outlook for 2025 and declared a cash dividend.
Financial Highlights
For the fourth quarter, Select Medical reported revenue of $1.5 billion, representing a 9.3% increase compared to the same period in the previous year. Net income was $131.9 million, up from $108.6 million in the fourth quarter of 2023. Diluted earnings per share came in at $0.55, an increase of 15.3% compared to the fourth quarter of 2023.
For the full year 2024, Select Medical reported revenue of $5.9 billion, a 7.8% increase compared to the previous year. Net income was $488.3 million, up from $447.5 million in 2023. Diluted earnings per share came in at $2.02, a 10.6% increase compared to 2023.
2025 Business Outlook
Select Medical anticipates revenue growth in the range of 5.5% to 6.5% for the full year 2025. The company also expects Adjusted EBITDA to be in the range of $680 million to $700 million, and capital expenditures to be approximately $225 million. Select Medical plans to continue its focus on expanding its essential care services and workforce solutions offerings.
Cash Dividend
The company announced a quarterly cash dividend of $0.17 per share, payable on March 27, 2025, to shareholders of record as of March 13, 2025. This represents a 3.5% increase compared to the previous quarterly dividend.
Impact on Individuals
For individuals invested in Select Medical Holdings Corporation, the strong financial performance and dividend increase could lead to increased stock value and higher returns on investment. Additionally, the company’s continued focus on expanding essential care services and workforce solutions could lead to potential job opportunities and growth in the healthcare industry.
Impact on the World
Select Medical’s strong financial performance and growth plans could contribute to the overall growth and stability of the healthcare industry. The expansion of essential care services and workforce solutions could help address the ongoing labor shortages and improve patient care. Additionally, the company’s focus on innovation and technology could lead to advancements in healthcare delivery and patient outcomes.
Conclusion
Select Medical Holdings Corporation’s strong financial performance and growth plans for 2025, along with the announcement of a quarterly cash dividend increase, demonstrate the company’s commitment to delivering value to its shareholders. The expansion of essential care services and workforce solutions could have a positive impact on individuals and the healthcare industry as a whole. As the demand for healthcare services continues to grow, Select Medical is well-positioned to meet this need and drive innovation in the industry.
- Select Medical reported strong financial results for the fourth quarter and full year 2024
- The company announced a cash dividend of $0.17 per share, payable on March 27, 2025
- Select Medical anticipates revenue growth of 5.5% to 6.5% for the full year 2025
- The company’s focus on expanding essential care services and workforce solutions could lead to job opportunities and growth in the healthcare industry
- Select Medical’s strong financial performance and growth plans could contribute to the overall growth and stability of the healthcare industry
