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Hanger Orthopedic Group, Inc. Reports $0.14 EPS on 26.6% Increase in Net Income for the First Quarter 2009
Date:4/27/2009

nger, visit http://www.hanger.com.

This document contains forward-looking statements relating to the Company's results of operations. The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements relating to future results of operations in this 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
    Income Statement:                             March 31,
    -----------------
                                               % of Net               % of Net
                                      2009      Sales:       2008      Sales:

    Net sales                     $169,146      100.0%   $157,656      100.0%
    Cost of goods sold -
     materials                      51,049       30.2%     46,722       29.6%
    Personnel costs                 64,059       37.9%     60,340       38.3%
    Other ope
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SOURCE Hanger Orthopedic Group, Inc.
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1. Hanger Orthopedic Group, Inc. Announces First Quarter 2009 Earnings Release Conference Call
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3. Hanger Orthopedic Group Welcomes Vinit Asar as Chief Growth Officer
4. Hanger Orthopedic Group, Inc. Announces Six Acquisitions Totaling $8.9 Million of Annual Net Revenue
5. Hanger Orthopedic Group, Inc. Announces 2008 Year-End Earnings Release Conference Call
6. Parker College of Chiropractic Education Launches Recruiting Campaign for Career Changers and Potential Students
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8. Hanger Orthopedic Group, Inc. Exceeds Estimates on a 10% Sales Increase and a 28% EPS Increase to $0.23 for the Third Quarter 2008
9. Hanger Orthopedic Group, Inc. Announces Underwritten Public Offering by Shareholder
10. Hanger Orthopedic Group, Inc. Receives Positive Outlook from Moodys Investors Service
11. Hanger Orthopedic Group, Inc. Beats First Call Q2 EPS Estimates by $0.05 on 13% Sales Growth and 57.2% Growth in Net Income
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