SELECT MEDICAL HOLDINGS CORP (SEM) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21
	10-Q	8-K	10-K	8-K	10-Q	10-Q	10-K	8-K
Revenues:
Concentra	467.1				441.4	423.4
Outpatient Rehabilitation	303.0				287.3	271.9
Other	88.5				81.3	81.8
Other	815.9				774.8	822.4
Total revenues	1,674.5	1,665.0		1,567.8	1,584.7	1,599.5		1,534.2
Revenue growth [+]	5.7%	4.1%		2.2%	1.3%	3.4%		7.8%
Concentra	5.8%				-3.3%	0.1%
Outpatient Rehabilitation	5.5%				2.4%	7.9%
Other	8.9%				15.3%	18.6%
Cost of goods sold	1,422.9	1,418.8		1,402.3	1,375.4	1,407.0		1,299.4
Gross profit	251.7	246.2		165.5	209.3	192.5		234.8
Gross margin	15.0%	14.8%		10.6%	13.2%	12.0%		15.3%
Selling, general and administrative [+]	42.5	42.3		39.5	37.3	37.5		37.9
General and administrative	42.5	42.3		39.5	37.3	37.5		37.9
Equity in earnings	10.5	8.6		8.1	6.2	5.4		11.5
Other operating expenses				-16.9				-3.5
Adjusted EBITDA	230.0	222.6		41.3	187.2	169.2		105.6
Adjusted EBITDA margin	13.7%	13.4%		2.6%	11.8%	10.6%		6.9%
Stock-based compensation	10.3	10.2	27.6	-7.6	8.9	8.8	22.7	-5.6
EBITDA [+]	219.6	212.4		48.9	178.2	160.4		111.3
EBITDA growth	23.2%	32.4%		-56.1%	-48.6%	-38.7%		-48.3%
EBITDA margin	13.1%	12.8%		3.1%	11.2%	10.0%		7.3%
Depreciation	49.9	52.4		-50.7	43.5	43.4		-50.4
EBITA	169.7	160.0		99.6	134.7	117.0		161.7
EBITA margin	10.1%	9.6%		6.3%	8.5%	7.3%		10.5%
Amortization of intangibles					7.6	7.6
EBIT [+]	169.7	160.0		99.6	127.1	109.4		161.7
EBIT growth	33.5%	46.3%		-38.4%	-57.0%	-48.4%		-1.9%
EBIT margin	10.1%	9.6%		6.3%	8.0%	6.8%		10.5%
Interest expense	49.0	48.6		45.2	41.1	35.5		33.8
Interest expense	49.0	48.6		45.2	41.1	35.5		33.8
Pre-tax income	120.7	111.4		54.3	86.1	73.9		127.9
Income taxes	28.8	26.2		16.2	19.8	17.9		27.7
Tax rate	23.9%	23.5%		29.8%	23.0%	24.3%		21.6%
Minority interest	13.6	14.5		11.0	11.1	6.8		23.3
Net income	78.2	85.3		38.1	55.2	49.1		100.2
Net margin	4.7%	5.1%		2.4%	3.5%	3.1%		6.5%

Basic EPS [+]	$0.64	$0.56		$0.21	$0.44	$0.38		$0.57
Growth	44.3%	47.1%		-63.2%	-65.0%	-55.1%		-3.8%
Diluted EPS [+]	$0.64	$0.56		$0.21	$0.44	$0.38		$0.57
Growth	44.3%	47.1%		-63.2%	-65.0%	-55.1%		-3.8%

Dividends per share [+]	$0.13	$0.10			$0.13	$0.13
Growth	0.0%	-16.5%			0.0%

Shares outstanding (basic) [+]	122.6	152.2		181.6	124.9	129.0		175.8
Growth	-1.8%	18.0%		3.3%	-4.2%	-1.0%		35.4%
Shares outstanding (diluted) [+]	122.6	152.2		181.6	124.9	129.0		175.8
Growth	-1.8%	18.0%		3.3%	-4.2%	-1.0%		35.4%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.