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Almost Family Reports Third Quarter 2008 Results
Date:11/5/2008

2007

Net service revenues $146,432,996 $96,253,670

Cost of service revenue 68,531,881 46,634,840

Gross margin 77,901,115 49,618,831

General and administrative expenses:

Salaries and benefits 39,941,445 26,546,476

Other 19,031,652 12,966,063

Total general and administrative expenses 58,973,097 39,512,539

Operating income 18,928,018 10,106,292

Interest expense, net (733,833) (650,408)

Income from continuing operations before

income taxes 18,194,185 9,455,885

Income tax expense (6,996,271) (3,711,412)

Net income from continuing operations 11,197,914 5,744,473

Discontinued operations, net of tax of

$63,661 and $45,858 (101,147) (210,995)

Net income $11,096,767 $5,533,478

Per share amounts-basic:

Average shares outstanding 7,111,182 5,412,407

Income from continued operations $1.57 $1.06

Loss from discontinued operations (0.01) (0.04)

Net income $1.56 $1.02

Per share amounts-diluted:

Average shares outstanding 7,298,718 5,602,917

Income from continued operations $1.53 $1.03

Loss from discontinued operations (0.01) (0.04)

Net income $1.52 $0.99

ALMOST FAMILY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS


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SOURCE Almost Family, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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