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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
Date:10/26/2009

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)
                                    (Unaudited)

                                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
        Con
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SOURCE Hanger Orthopedic Group, Inc.
Copyright©2009 PR Newswire.
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