Staffing Services $2,350 $2,002
Program and Consulting Services 236 221
Total Fitness Mgt $2,586 $2,223
During the 2008 second quarter, fitness management segment revenue was essentially flat with the same period last year, which reflects the company's success in replacing revenue lost from 2007 contract cancellations.
Gross margin for the fitness management segment increased to 24.7 percent, from 21.3 percent during the prior-year period, which is primarily due to higher margins on new staffing services business and improved margins for personal training services.
Share Repurchase Plan
On May 27, 2008, the company completed its share repurchase plan. Under this plan, the company repurchased 1.14 million shares of its common stock on the open market in accordance with Securities and Exchange Commission Rule 10b-18 and other pertinent rules and regulations. Share repurchases were funded by the company's available working capital.
Health Fitness Corporation will host a conference call today, August 4,
2008, at 4 p.m. Central (2 p.m. Pacific; 5 p.m. Eastern). Participating in
the call will be Gregg Lehman, Ph.D., president and chief executive
officer, and Wes Winnekins, chief financial officer. To listen to the call
from the U.S., dial 1-888-258-7584; internationally, dial 1-706-902-1477.
To access the call, enter ID number 57406618. A replay of the call will be
available until Monday, August 18, 2008, 11 p.m. EST. To access the replay
from the U.S., dial 1-800-642-1687 and enter ID number 57406618, from
outside the U.S., dial 1-706-645-9291 and enter ID number 57406618. The
call will also be broadcast live over the Internet and accessible through
the Investor Relations section of the company's Web site at
|SOURCE Health Fitness Corporation|
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