FY 2007 EPS from Continuing Operations up 72% over 2006
LOUISVILLE, Ky., March 10 /PRNewswire-FirstCall/ -- Almost Family, Inc.
(Nasdaq: AFAM) today announced its operating results for the quarter and
year ended December 31, 2007 with record performance reported for both
periods.
Fourth Quarter Financial Highlights
-- Net Income From Continuing Operations was $2,075,903 or $0.37 per
diluted share in the quarter ended December 31, 2007 as compared to
$1,412,988 or $0.26 per diluted share in the same quarter of 2006 for
diluted EPS growth of 40%.
-- Consolidated revenues increased approximately 38% over the same quarter
last year.
-- The Company's VN segment revenues grew 58% over the same quarter last
year.
-- VN markets with no acquisition activity generated 27% revenue growth,
while markets with acquisitions added $6.7 million to revenue for the
quarter. VN markets with no acquisition activity generated 32% of the
VN segment's revenue growth over the same quarter of last year.
Fiscal Year Financial 2007 Highlights
-- Net Income From Continuing Operations was $7,814,474 or $1.40 per
diluted share in 2007 as compared to $4,315,291 or $0.81 per diluted
share in 2006 for diluted EPS growth of 72%.
-- Consolidated revenues increased approximately 46% over last year
-- The Company's VN segment revenues grew 74% over last year
-- During 2007, the Company invested approximately $11 million of capital
in acquisitions of home health agencies.
-- VN markets with no acquisition activity generated 27% revenue growth,
while markets with acquisitions
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