HealthFitness Announces Third Quarter 2009 Financi...(------- ------- Staffing Service...),Health

Date:11/4/2009

------- ------- Staffing Services $9,175 $9,702 Program Services $551 $619 Total Fitness Mgmt. $9,726 $10,321 GROSS PROFIT Q3 2009 Q3 2008 ------- ------- Staffing Services $2,175 $2,357 Program Services $219 $209 Total Fitness Mgmt. $2,394 $2,566

Fitness management segment revenue during the third quarter of 2009 decreased 5.8 percent compared to the same period last year. This anticipated decrease in revenue primarily reflects revenue lost due to contract terminations since the beginning of 2008.

Gross margin for the fitness management segment was 24.6 percent compared to 24.9 percent during the prior-year period.

Third Quarter RFPs

During the third quarter, the company received 31 Request For Proposals (RFPs) for health management services and four RFPs for fitness management services. For the first nine months of 2009, the company received 86 RFPs for health management services and 18 RFPs for fitness management services.

2009 Year-To-Date Results

For the nine months ended September 30, 2009, revenue increased 3.1 percent to $57.8 million, from $56.0 million for the same period last year. Gross profit increased 8.8 percent to $18.3 million, from $16.9 million for the prior-year period. Gross margins for the nine-month period increased to 31.8 percent compared to 30.1 percent during the prior-year period. Net earnings for the nine-month period increased 48.6 percent to $2.3 million, from $1.5 million for the prior-year period. Net earnings per diluted share totaled $0.22 compared to $0.15 for the same period last year.

Eleven new health management commitments and three health management customer expansions
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SOURCE Health Fitness Corporation Copyright©2009 PR Newswire. All rights reserved

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