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Medco Delivers First-Quarter 2009 GAAP Diluted EPS of $0.58; Diluted EPS Excluding Amortization of Intangible Assets of $0.63; Reaffirms 2009 EPS Guidance; Announces Win of Coventry Commercial Business Starting January 1, 2010
Date:4/29/2009

uct net revenues (2) 14,616.3 1,809.4 14.1% 12,806.9 -------- ------- ---- -------- Client and other service revenues 175.8 61.0 53.1% 114.8 Manufacturer service revenues 41.8 0.6 1.5% 41.2 ---- --- --- ---- Total service revenues 217.6 61.6 39.5% 156.0 ----- ---- ---- ----- Total net revenues (2) 14,833.9 1,871.0 14.4% 12,962.9 -------- ------- ---- -------- Cost of product net revenues (2) 13,832.0 1,815.2 15.1% 12,016.8 Cost of service revenues 57.8 11.9 25.9% 45.9 ---- ---- ---- ---- Total cost of revenues (2) 13,889.8 1,827.1 15.1% 12,062.7 Selling, general and administrative expenses 340.3 11.9 3.6% 328.4 Amortization of intangibles 75.9 6.4 9.2% 69.5 Interest expense 45.1 (5.5) -10.9% 50.6 Interest (income) and other (income) expense, net (3.5) (7.2) -194.6% 3.7 ---- ---- ------ --- Income before provision for income taxes 486.3 38.3 8.5% 448.0 Provision for income taxes 195.3 17.5 9.8% 177.8 ------ ----- --- ------ Net Income $291.0 $20.8 7.7% $270.2 ====== ===== === ====== Diluted
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SOURCE Medco Health Solutions, Inc.
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