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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

iluted Per Share Data: ----------------------- Pro-forma net income per diluted common share $0.60 ===== Shares used to compute diluted per common share amounts 25,399,721 Effects of conversion of convertible preferred stock (1) 6,090,608 --------- Shares used to compute diluted per common share amounts, Pro-forma basis 31,490,329 ========== (1) Assumes Preferred Stock dividend acceleration event occurred January 1, 2008. The Company believes the presentation of the pro-forma results, adjusted for the effects of the acceleration of the Preferred Stock dividend at the beginning of the period, is more reflective of the Company's current diluted operating results and provides investors with additional useful information to measure the Company's on-going performance. Three Months Ended Nine Months Ended September 30, September 30, Income Statement as a % of Net Sales: 2009 2008 2009 2008 ------------------- ---- ---- ---- ---- Net sales 100.0% 100.0% 100.0% 100.0% Cost of goods sold - materials 30.6% 29.9% 30.4% 30.0% Personnel costs 34.8% 35.6% 35.4% 35.9% Other operating expenses 20.1% 20.7% 20.6% 20.8% Depreciation and amortization 2.1% 2.4% 2
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SOURCE Hanger Orthopedic Group, Inc.
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