Encompass Health reports results for third quarter 2025

Core Insights - Encompass Health Corporation reported strong financial results for Q3 2025, with net operating revenue increasing by 9.4% year-over-year to $1,477.5 million, and adjusted earnings per share rising by 19.4% to $1.23 [2][3] - The company has increased its full-year guidance for 2025, projecting net operating revenue between $5,905 million and $5,955 million, and adjusted EBITDA between $1,235 million and $1,255 million [4] Financial Performance - Net operating revenue for Q3 2025 was $1,477.5 million, compared to $1,351.0 million in Q3 2024, reflecting a $126.5 million increase [2] - Income from continuing operations attributable to Encompass Health per diluted share was $1.24, up from $1.07, marking a 15.9% increase [2] - Adjusted EBITDA for Q3 2025 was $300.1 million, an increase of 11.4% from $269.3 million in Q3 2024 [2] Operational Highlights - The company opened three new hospitals and added 39 beds to existing facilities during the quarter, enhancing its capacity to serve patients [3] - Encompass Health was recognized as "America's Most Awarded Leader in Inpatient Rehabilitation" for the sixth consecutive year, underscoring its commitment to high-quality patient care [3] Guidance Update - The updated full-year guidance for 2025 includes net operating revenue of $5,905 million to $5,955 million, adjusted EBITDA of $1,235 million to $1,255 million, and adjusted earnings per share from continuing operations of $5.22 to $5.37 [4]