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Hanger Orthopedic Group, Inc. Exceeds Estimates on a 10% Sales Increase and a 28% EPS Increase to $0.23 for the Third Quarter 2008
Date:10/27/2008

document reflect the current views of management. However, various risks, uncertainties and contingencies could cause actual results or performance to differ materially from those expressed in, or implied by, these statements, including the Company's ability to enter into and derive benefits from managed care contracts, the demand for the Company's orthotic and prosthetic services and products and the other factors identified in the Company's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

-tables to follow-

Hanger Orthopedic Group, Inc.

(Dollars in thousands, except share and per share amounts)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

Income Statement: 2008 2007 2008 2007

Net sales $178,742 $162,343 $517,582 $466,560

Cost of goods sold

(exclusive of

depreciation and

amortization) 87,623 79,962 254,915 231,456

Selling, general and

administrative 66,547 59,872 194,039 174,744

Depreciation and

amortization 4,334 3,943 12,805 11,569

Income from operations 20,238 18,566 55,823 48,791

Interest expense 8,005 9,318 24,308 27,783

Income before taxes 12,233 9,248 31,515 21,008

Provision for income taxes 4,893 3,838 12,606 8,722

Net income
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SOURCE Hanger Orthopedic Group, Inc.
Copyright©2008 PR Newswire.
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