HMS Holdings Corp. Announces Q2 2009 Results and Raises 200...(xes depreciation and amortization and...),Health

Date:7/31/2009

xes, depreciation and amortization, and share-based compensation expense (adjusted EBITDA) was $16.4 million for the second quarter of 2009, an increase of 32.7% over the same period a year ago. Reconciliation of net income to Three Months Six months EBITDA and adjusted EBITDA Ended Ended June 30, June 30, 2009 2008 2009 2008 ---- ---- ---- ---- Net Income $6,638 $5,001 $12,343 $8,174 Net interest (income) expense 222 219 412 437 Income taxes 4,580 3,622 8,545 5,920 Depreciation and amortization, net of deferred financing costs, included in net interest expense (income) 3,364 2,809 6,678 5,669 ----- ----- ----- ----- Earnings before interest, taxes, depreciation and amortization (EBITDA) 14,804 11,651 27,978 20,200 Share-based compensation expense 1,612 721 2,920 1,518 ----- --- ----- ----- Adjusted EBITDA $16,416 $12,372 $30,898 $21,718 ======= ======= ======= =======

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SOURCE HMS Holdings Corp. Copyright©2009 PR Newswire. All rights reserved

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