Navigation Links
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

mail-order and retail, was 226.1 million, a 9.4 percent increase over the first quarter of 2008. In line with previous guidance, mail-order prescription volume was 25.7 million, a 3.4 percent decrease from first-quarter 2008. Significant new business wins drove higher than expected retail volumes, reaching 149.4 million, a robust 17.5 percent increase over first-quarter 2008. Given the elevated incremental retail volumes, the adjusted mail-order penetration rate decreased 4.4 percentage points from first-quarter 2008 to 34.0 percent. (Please see Table 5 for the calculation of adjusted prescription volume.)

Total gross margin for first-quarter 2009 increased nearly 5 percent over first-quarter 2008, to $944.1 million. As a direct result of the incremental retail volumes, the total gross margin percentage decreased 50 basis points to 6.4 percent from 6.9 percent in the first quarter of 2008.

Total selling, general and administrative (SG&A) expenses of $340.3 million increased 3.6 percent, or $11.9 million, from first-quarter 2008. Sequentially, SG&A expenses decreased 10.7 percent, or $40.7 million, from $381.0 million last quarter.

Earnings Before Interest Income/Expense, Taxes, Depreciation and Amortization (EBITDA) for the quarter reached a record $647.0 million, an increase of 5.7 percent, or $35.1 million, over the same period last year. Driven by the very strong retail volumes in the overall prescription mix, EBITDA per adjusted prescription decreased 3.4 percent to $2.86 from $2.96 in the first quarter of 2008. (Please refer to Table 6 for a reconciliation of EBITDA to reported net income.)

Total interest and other (income) expense, net, of $41.6 million in first-quarter 2009 decreased 23.4 percent, or $12.7 million, compared to the same period in 2008, largely attributable to lower interest rates and increased cash balances.

The first-quarter 2009 effectiv
'/>"/>

SOURCE Medco Health Solutions, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

Related biology technology :

1. Medco CEO to Shareholders: Delivering Results, Driving Shareholder Value
2. Medco to Present at the Deutsche Bank 33rd Annual Health Care Conference
3. Medco Issues $1.5 Billion of Senior Notes
4. Addressing the Pharmacist Shortage: Medco Labor Coalition(TM) Launches National Scholarship Program to Support the Development of the Next Generation of Pharmacists
5. Medco Chooses AllPoints at Anson in Whitestown, Indiana as Site for the Worlds Largest, Most-Advanced Automated Pharmacy
6. Medco to Webcast Annual Analyst Day Conference
7. Medco Announces Agreement to Acquire Diabetes Care Leader PolyMedica in Transaction Valued at $1.5 Billion
8. Santaris Pharma Delivers Six LNA-Based RNA Inhibitors to Enzon Pharmaceuticals Ahead of Schedule
9. Fat droplet nanoparticle delivers tumor suppressor gene to tumor and metastatic cells
10. Shire Delivers Excellent Growth for the Year, With the new Product Portfolio Achieving Sales of $1 Billion
11. ICON Delivers New Electronic Solution to Expedite Clinical Trial Adjudication
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/30/2015)... ... June 30, 2015 , ... Students and faculty from ... first half of “Integrative Biotechnology,” an applied biotechnology course team-taught by faculty members ... course combines students from both universities and is taught on both continents. , ...
(Date:6/30/2015)... WASHINGTON , June 30, 2015  NASA astronaut ... launch next month on his first mission to the ... interviews from 8 to 9 a.m. EDT Tuesday, July 7. ... Center in Star City, Russia . The ... on NASA Television highlighting his mission training. To ...
(Date:6/30/2015)... (PRWEB) , ... June 30, 2015 , ... ... , Study will provide new insights on mechanics of fecal microbiota transplantation in ... partnership to study the microbiome of patients undergoing fecal microbiota transplantation (FMT) as ...
(Date:6/30/2015)... ... June 30, 2015 , ... The maximum number of shares proposed to ... shares (including shares of unvested restricted stock). On June 29, 2015, the last trading ... Cryo-Cell’s shares reported on the OTCBB was $2.29 per share. , The tender offer ...
Breaking Biology Technology:Rivier University and Beijing City University Academic and Cultural Exchanges Begin 2NASA Astronaut Preps for First Space Station Mission, Available for Media Interviews 2uBiome and OpenBiome Partner for Microbiome Study in FMT Patients 2uBiome and OpenBiome Partner for Microbiome Study in FMT Patients 3Cryo-Cell Commences Tender Offer to Purchase its Common Stock, Up to 750,000 Shares at $3.25 per Share 2Cryo-Cell Commences Tender Offer to Purchase its Common Stock, Up to 750,000 Shares at $3.25 per Share 3
... Methuselah Foundation has identified Organovo, Inc. as a leader ... Department of Health and Human Services predicts: "Within 20 ... for replacing all tissue/organ systems in the body." Organovo, ... breakthrough organ printing technologies to make that prediction a ...
... Complimentary Webinars to Showcase Case Studies and Patient Reported ... invivodata inc., the industry leader in electronic ... clinical research, today announced its 2009 ePROficiency(TM) Web seminar ... , The webinar series is a continuation of ...
... , , Gene Provides Yield Stability During Periods of Inadequate ... 9, 2009 Monsanto Company (NYSE: MON ) and ... corn plants combat drought conditions and confer yield stability during periods ... that they will use the gene in their first-generation drought-tolerant corn ...
Cached Biology Technology:Printing New Organs: Foundation Funds Medical Technology That Replicates Human Tissue 2invivodata Announces ePROficiency 2009 Web Seminar Series 2Monsanto, BASF Scientists Disclose Discovery of Gene Conferring Drought Tolerance in Corn Plants 2Monsanto, BASF Scientists Disclose Discovery of Gene Conferring Drought Tolerance in Corn Plants 3Monsanto, BASF Scientists Disclose Discovery of Gene Conferring Drought Tolerance in Corn Plants 4Monsanto, BASF Scientists Disclose Discovery of Gene Conferring Drought Tolerance in Corn Plants 5
(Date:6/15/2015)... According to a new market research report ... Hybrid), Technologies (Recognition, IVR, OCR, Pattern & Image Recognition) ... Natural Language Processing Market is expected to grow to ... forecast period 2015-2020. Browse 65 market ...   through 155 P ages and in-depth TOC ...
(Date:6/15/2015)... --NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or the "Company") ... market, announces that its leading payment security technology, the Wocket® ... @ NYC June 18th. Digital Experience! @ NYC ... technology to over 300 of the top media covering the ... in New York City from 6:00 ...
(Date:6/11/2015)... June 11, 2015 Daon, a global ... that its IdentityX Mobile Authentication Platform v4.0 has ... Alliance is an industry consortium launched in 2013 ... simpler, stronger authentication.  In order to receive certification, ... rigorous series of tests that measure compliance and ...
Breaking Biology News(10 mins):Natural Language Processing Market Worth $13.4 Billion by 2020 2Natural Language Processing Market Worth $13.4 Billion by 2020 3Natural Language Processing Market Worth $13.4 Billion by 2020 4Natural Language Processing Market Worth $13.4 Billion by 2020 5Wocket Smart Wallet Exhibiting at Pepcom Digital Experience! @ NYC June 18th 2Wocket Smart Wallet Exhibiting at Pepcom Digital Experience! @ NYC June 18th 3Daon's IdentityX Mobile Authentication Platform One of First Products to be Certified by FIDO Alliance 2
... Military, homeland security, law enforcement and other first-responder ... to attend the 2009 Force Protection Equipment Demonstration ... 600 exhibits will be presented at Stafford County ... Quantico, VA. Live-fire small arms and explosives survivability ...
... Technology (Caltech) and the University of California at San ... Caltech experimental data to show just how amino-acid chains ... Their insights were recently published in the February 10 ... of Sciences (PNAS). The paper details the ...
... human genome eight years ago, enormous progress has been ... of most human genes is still barely understood. An ... gene or protein is to compare its sequence with ... experimentally easier to investigate. From the functions of related ...
Cached Biology News:Demonstration Targets Terrorism 2Caltech and UCSD researchers shed light on how proteins find their shapes 2Relationships in rank and file 2Relationships in rank and file 3Relationships in rank and file 4
... contains sufficient materials for 1,464 array sample elements. , ... each , Blocker BSA in PBS (10X): 50 ... , BupH Phosphate Buffered Saline: 8 packs , ... West Pico Luminol Enhancer: 2 x 25 ml , ...
... counts cells based on specific fluorescence labelling ... so that other non cellular particles do ... 250 m square quartz cuvette each cell ... used as a counting signal and information ...
... Accurate Results Laser Capture Microdissection (LCM) ... and accuracy of molecular assays by starting ... multi-cellular structures isolated from whole tissue or ... in 1996 at the National Institutes of ...
Mouse monoclonal antibody raised against a partial recombinant DHX8. NCBI Entrez Gene ID = DHX8...
Biology Products: