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Hanger Orthopedic Group, Inc. Reports an Increase of 30.4% in Earnings Per Share, to $0.30, for the Third Quarter 2009 and Raises Its 2009 Guidance

es and Exchange Commission under the Securities Exchange Act of 1934. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

-tables to follow-

                           Hanger Orthopedic Group, Inc.
            (Dollars in thousands, except share and per share amounts)

                                Three Months Ended       Nine Months Ended
                                   September 30,           September 30,
    Income Statement:            2009        2008        2009        2008
    -----------------            ----        ----        ----        ----
    Net sales                 $192,296    $178,742    $554,966    $517,582
    Cost of goods
     sold - materials           58,887      53,411     168,784     155,409
    Personnel costs             66,976      63,712     196,783     185,595
    Other operating
     expenses                   38,669      37,047     114,085     107,950
    Depreciation and
     amortization                4,002       4,334      12,265      12,805
                                 -----       -----      ------      ------
    Income from
     operations                 23,762      20,238      63,049      55,823
    Interest expense             7,692       8,005      22,894      24,308
    Unrealized gain from
     interest rate swap              -           -         167           -
                                    --          --         ---          --
    Income before taxes         16,070      12,233      40,322      31,515
    Provision for
     income taxes                6,428       4,893      16,129      12,606
                                 -----       -----      ------      ------
    Net income                   9,642       7,340      24,193      18,909
       Less preferred
        stock dividend -
        Series A
SOURCE Hanger Orthopedic Group, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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