Navigation Links
Hanger Orthopedic Group, Inc. Beats First Call Q2 EPS Estimates by $0.05 on 13% Sales Growth and 57.2% Growth in Net Income
Date:7/29/2008

illion, or 51.3% of net sales compared to $81.4 million, or 50.8% of net sales in the second quarter of 2007. The increase in gross margin was due principally to the increase in sales, which allowed us to leverage our relatively fixed labor costs.

Income from operations of $21.4 million in the second quarter of 2008 was $3.6 million, or 20.0% higher than that of the same period of the prior year, principally due to the aforementioned increase in gross profit, offset by $7.6 million of higher selling, general and administrative expenses. Selling, general and administrative expenses increased due to a $2.6 million increase in variable compensation accruals, $1.8 million of increased personnel costs related primarily to employee benefits, a $1.4 million increase related to acquisitions, a $1.0 million increase in professional fees and other expenses (some of which are one time expenses), $0.8 million in merit increases, and $0.6 million of additional investment in growth initiatives, offset by a $0.6 million decrease in bad debt expense.

Net interest expense for the second quarter 2008 was $1.1 million less than the same quarter last year primarily due to lower variable rates. In May 2008, the Company entered into two $75.0 million swap contracts that fixed $150.0 million of floating rate debt and locked in LIBOR at 3.4% for three years. As of June 30, 2008, $73.0 million, or 18.0%, of the Company's total debt of $406.4 million was subject to variable interest rates.

Net sales for the six months ended June 30, 2008 increased by $34.6 million, or 11.4%, to $338.8 million from $304.2 million for the same period in the prior year. The sales growth was principally the result of a $18.2 million, or 6.7%, increase in same-center sales in our patient care business, a $6.7 million, or 23.5%, increase in sales of the Company's distribution segment, and a $9.1 million increase related to acquired entities. Gross profit for the six months ended June 30, 2008
'/>"/>

SOURCE Hanger Orthopedic Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine news :

1. Hanger Orthopedic Group, Inc. Receives Positive Outlook from Standard & Poors Rating Services
2. Hanger Orthopedic Group, Inc. Announces Second Quarter 2008 Earnings Release Conference Call
3. Hanger Orthopedic Group, Inc. Announces an 11% Sales Increase and a 35% Increase in EPS to $0.23 for the Quarter Ended December 31, 2007, Compared to $0.17 in the Prior Year
4. Hanger Orthopedic Group, Inc. Announces Senior Leadership Succession Plan and Reaffirms Guidance
5. Hanger Orthopedic Group, Inc. Announces 2007 Year-End Earnings Release Conference Call
6. Hanger Orthopedic Group, Inc. Announces Three Acquisitions Totaling Over $3.5 Million of Annual Net Revenue
7. Infor-Med, Inc. Announces New Praxis EMR Version 4 with The Praxis Knowledge Exchanger(R)
8. Hanger Orthopedic Group, Inc. Announces Record Revenue of $162.3 Million and 20% Growth in Earnings Per Share for the Quarter Ended September 30, 2007
9. Central DuPage Hospitals Orthopedics Ranks in U.S. News Media Groups 2008 Edition of Americas Best Hospitals for the Second Consecutive Year
10. Three Industry Veterans Join Ascension Orthopedics
11. Swedish Orthopedic Institute Opens in Seattle
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/1/2014)... WOODLAND HILLS, CA (PRWEB) October 01, 2014 ... top cosmetic dentists and prosthodontists, is traveling to ... of Oral Implantologists on Oct. 2 and 3. , ... Institute in Woodland Hills and Oxnard, Calif., and one ... expert in teeth restoration and replacement. He is speaking ...
(Date:10/1/2014)... 2014 Two bicyclists began a journey ... the country in an effort to raise funds and ... The cyclists, a father-daughter team, plan to bike more ... Washington and finishing in Key West Florida. Funds ... Warriors®, a national nonprofit organization that assists post-9/11 service ...
(Date:10/1/2014)... After undergoing a trial-and-error process in ... to join, Living Well Assisted Living at Home recently ... County, the home of its headquarters. , Although Living ... the thought of adding one more activity to their ... for the right chamber to join because membership in ...
(Date:10/1/2014)... This October, Request A Test , a ... offering 10% off all testing for Diabetes . ... to save. The Center for Disease Control (CDC) reports ... by Diabetes. Because many people do not display symptoms, ... causes serious health problems. Blood testing can help a ...
(Date:10/1/2014)... (PRWEB) October 01, 2014 After a ... film, "Beautiful Births", emerging filmmaker Jacqui Blue is continuing ... women discover the truth about natural birth. The documentary ... all over the world and has been an effective ... of the topics highlighted in the film provide a ...
Breaking Medicine News(10 mins):Health News:One of Woodland Hills’ Top Cosmetic Dentists Speaking to Indian Society of Oral Implantologists Tomorrow 2Health News:One of Woodland Hills’ Top Cosmetic Dentists Speaking to Indian Society of Oral Implantologists Tomorrow 3Health News:One of Woodland Hills’ Top Cosmetic Dentists Speaking to Indian Society of Oral Implantologists Tomorrow 4Health News:One of Woodland Hills’ Top Cosmetic Dentists Speaking to Indian Society of Oral Implantologists Tomorrow 5Health News:Father-Daughter Cycling Duo to Ride Cross-Country to Benefit Hope For The Warriors 2Health News:Living Well Joins San Rafael Chamber of Commerce 2Health News:Living Well Joins San Rafael Chamber of Commerce 3Health News:Request A Test Offers 10% off Diabetes Testing in October 2014 2Health News:Request A Test Offers 10% off Diabetes Testing in October 2014 3Health News:Filmmaker Jacqui Blue's Beautiful Births Documentary, "Really Touched My Heart" 2Health News:Filmmaker Jacqui Blue's Beautiful Births Documentary, "Really Touched My Heart" 3Health News:Filmmaker Jacqui Blue's Beautiful Births Documentary, "Really Touched My Heart" 4
... found that psychiatric patients receive a raw deal in emergency ... or held in restraints for hours. ,One patient ... as a nurse forcibly removed his pants. ,These ... state's overcrowded emergency rooms, doctors, nurses, patients and state officials ...
... nurses who have camped outside the prime minister's office ... on Friday said they would call off the fruitless ... notoriously overworked and underpaid, like their counterparts across most ... head of the OZZPP national nurses' union, said the ...
... a leader in the field of rodeo injury study and ... pro rodeo to get a better idea of how frequently ... of today, says Butterwick, anyone, anywhere in the world can ... we mean life-changing, losing a major organ, paralysis, even death. ...
... outlook for sarcoma patients: Effectiveness of local, deep hyperthermia ... combined with chemotherapy, improves the chances of healing and ... ,At the Annual General Meeting of the American Society ... week, the GSF scientist, Prof. Dr Rolf D. Issels, ...
... life worth living? It all depends on the liver. - William ... to play (in) infusing our zest for life. A spirit that ... afflicted. The most notorious of liver afflictions is Hepatitis, which could ... lives have changed beyond repair due to the disease - The ...
... at the Chicago food festival. All of those people ate ... Taste of Chicago festival, which was held in Chicago from ... to the hospital, of which thirty two had a confirmed ... the Chicago Health Department, says a young boy is still ...
Cached Medicine News:Health News:Psychiatric Patients Ill-treated in Emergency Rooms, US Officials Say 2Health News:Psychiatric Patients Ill-treated in Emergency Rooms, US Officials Say 3Health News:Psychiatric Patients Ill-treated in Emergency Rooms, US Officials Say 4Health News:Rounding Up Rodeo Injuries Helps in Prevention 2Health News:Hyperthermia With Chemotherapy Improves Sarcoma Healing 2Health News:Hyperthermia With Chemotherapy Improves Sarcoma Healing 3Health News:Hepatitis Day of Reckoning for a Happening Virus 2Health News:Hepatitis Day of Reckoning for a Happening Virus 3Health News:Food Poisoning at the Chicago Food Festival 2
(Date:10/1/2014)... 1, 2014 Quantum Materials Corp (OTCQB:QTMM) ... of photoactive quantum dots for use in ... numerous advantages for solar power generation, the high ... quantum dots with which to develop thin film ... commercial utilization and acceptance. The company is also ...
(Date:10/1/2014)... -- CVS Health is thanking its 26,000 pharmacists during October,s ... way health care is delivered to increase access, lower ... mail service pharmacies and specialty pharmacies nationwide.  ... CVS Health to reflect our broader health care commitment ... shape the future of health," said Larry Merlo ...
(Date:9/30/2014)... , Sept. 30, 2014 This report analyzes the ... the following Product Categories: Enteral Feeding Pumps, Nasogastric Tubes, and ... the US Canada, Japan , ... Latin America , and Rest of World. Annual estimates ... Also, a six-year historic analysis is provided for these markets. ...
Breaking Medicine Technology:Quantum Materials Scaling Up Photoactive Quantum Dot Production for Solar Power Generation 2Quantum Materials Scaling Up Photoactive Quantum Dot Production for Solar Power Generation 3CVS Health Thanking its Pharmacists during American Pharmacists Month for Helping People on Their Path to Better Health 2CVS Health Thanking its Pharmacists during American Pharmacists Month for Helping People on Their Path to Better Health 3Global Enteral Feeding Devices Industry 2Global Enteral Feeding Devices Industry 3Global Enteral Feeding Devices Industry 4Global Enteral Feeding Devices Industry 5Global Enteral Feeding Devices Industry 6Global Enteral Feeding Devices Industry 7Global Enteral Feeding Devices Industry 8Global Enteral Feeding Devices Industry 9Global Enteral Feeding Devices Industry 10Global Enteral Feeding Devices Industry 11Global Enteral Feeding Devices Industry 12Global Enteral Feeding Devices Industry 13Global Enteral Feeding Devices Industry 14Global Enteral Feeding Devices Industry 15Global Enteral Feeding Devices Industry 16Global Enteral Feeding Devices Industry 17Global Enteral Feeding Devices Industry 18Global Enteral Feeding Devices Industry 19
... Mass., Sept. 27, 2011 Critical information that ... meet the Federal Food & Drug Administration,s (FDA) ... a free white paper available at http://www.microtestlabs.com/dietarypaper ... Dietary Supplements — A New Paradigm for Manufacturers ...
... from across the United States and the European Union ... India, China, Japan, Israel, Australia, New Zealand, Canada, Brazil ... changing medical innovations on the exhibit hall floor and ... the intersection of healthcare and IT, updates on personalized ...
Cached Medicine Technology:New White Paper for Dietary Supplement Manufacturers Provides How-to for New FDA Compliance Paradigm 2New White Paper for Dietary Supplement Manufacturers Provides How-to for New FDA Compliance Paradigm 3AdvaMed 2011: The MedTech Conference Day-Two Focuses on Policies to Promote Life Changing Innovation Around the World 2
... Dorsi-Flexion MPO® by RCAI provides adjustable static ... involvement conditions such as diminished foot and ... hip rotation. Medial/lateral straps attached to the ... and ankle to be controlled, as needed, ...
... The design of the ... foot to be held back ... the shoe counter. The front ... pressure and compression on the ...
... priced semi-rigid post op shoe is ideal ... blend breathable upper will keep your patient ... loop closure provides even tension and compression. ... and support for your patient. The black ...
Comfortably positions the affected foot at 90 to provide continuous and effective stretching of the plantar fascia and Achilles Tendon...
Medicine Products: