Navigation Links
Medco Reports Record Third-Quarter 2008 GAAP Diluted EPS of $0.58; Diluted EPS Excluding Amortization of Intangible Assets of $0.63
Date:11/5/2008

eased 37.7 percent over the same quarter last year.

Medco generated year-to-date cash flows from operations of $797.2 million, compared to $816.4 million for the same period in 2007. The company closed the third quarter of 2008 with $440.8 million of cash on its balance sheet.

Specialty Pharmacy Segment

Revenues for Medco's specialty pharmacy segment, Accredo Health Group, grew a record 34.3 percent to over $2.0 billion, compared to $1.5 billion in the third quarter of 2007. This is primarily the result of the contribution from significant new clients commencing in January 2008 and the acquisition of Critical Care Systems in fourth-quarter 2007.

Gross margin increased to 8.1 percent in the third quarter of 2008 compared to 7.8 percent for the same period in 2007. Operating income rose 48.6 percent to $78.0 million from $52.5 million in the third quarter of 2007, driven by the increased volume from new business.

Share Repurchase Programs

During the third quarter, Medco repurchased 8.3 million shares for $391.7 million with an average per-share cost of $47.23. In October 2008, Medco completed its previously authorized $5.5 billion share repurchase program by repurchasing approximately 0.6 million shares for $29.7 million with an average per-share cost of $45.81. From the inception of the $5.5 billion share repurchase program in 2005 through completion, Medco acquired 153.8 million shares at an average per-share cost of $35.75.

The Medco Board of Directors approved a new share repurchase program, authorizing the purchase of up to $3 billion of the company's common stock in the open market through November 2010. The company expects to use free cash flow to fund these repurchases.

Guidance

Medco reaffirmed its full-year guidance for 2008. That guidance includes GAAP diluted EPS of $2.10 to $2.13, reflecting growth of 29 to 31 percent over 2007 and diluted EPS guidance, excluding the effect of amortization of
'/>"/>

SOURCE Medco Health Solutions, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Related medicine news :

1. MedCom USAs Subsidiary Card Activation Technologies, Inc.s SB2 Registration Declared Effective by SEC
2. Medco Unveils Three New Medicare Prescription Drug Plan Options for 2008 to Provide Seniors More Choice, Better Value and Specialist Pharmacists
3. Medco Announces Date for Third-Quarter 2007 Financial Results
4. Six Olympic Legends Battling Chronic Diseases Lead Revolution in Advancing Pharmacy Care as Medco Launches the Tour of Champions
5. Medco, LabCorp Strike Strategic Agreement for Research on Personalized Medicine and Pharmacogenomics
6. Medco to Build Worlds Largest, Most Advanced Automated Pharmacy in Central Indiana
7. Medco Elects Myrtle Potter, William Roper to Board of Directors
8. Medco CEO to Present at the Merrill Lynch & Co., Inc. 2007 Health Services Investor Conference
9. Medco Announces Two-For-One Stock Split
10. URAC Names Medco as a Finalist in First-ever Best Practices in Consumer Empowerment and Protection Awards
11. MedcomSoft appoints former U.S. presidential health advisor, James Haveman, to health Care advisory board
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/30/2014)... NY (PRWEB) July 30, 2014 Running ... Dr Steven Shoshany aims to help runners keep ... techniques to help athletes continue training. He has recently ... ART (Active Release Techniques), Cold Laser Therapy, Graston technique ... injury free. , Dr Shoshany often combines ...
(Date:7/30/2014)... AttorneyOne.com, a recognized authority on law, ... from the FDA on snacks . , Dancing ... are recalled because they contain organic Carob ... salmonella. Salmonella can cause serious, fatal infections in people ... cause abdominal pain, vomiting, nausea, diarrhea, or fever. In ...
(Date:7/30/2014)... The Diabetes Daily Grind had its ... and Ryan Fightmaster hope to gain attention for the ... July 26th of this year, Clour and Fightmaster started ... the diabetic life. By sharing stories on their ... believe other diabetics will find ways to live with ...
(Date:7/30/2014)... July 30, 2014 An interesting fact ... community where motorcycle enthusiasts congregate, BikerKiss.com . The ... that were revealed by BikerKiss indicate that women motorcycle ... past 3 years. , Members on BikerKiss are mostly ... Australia and some other European countries who are there ...
(Date:7/30/2014)... 30, 2014 According to the Nasal Polyps ... a comprehensive guide that teaches people how to cure their ... book uncovers to readers the horrible truth about conventional treatments ... that inside this book, people will learn how to prevent ... asthma, and nasal infections. , Nasal Polyps Treatment Miracle, as ...
Breaking Medicine News(10 mins):Health News:Chiropractor Helping Runners Keep Going with New Integrated Treatment Protocols 2Health News:Chiropractor Helping Runners Keep Going with New Integrated Treatment Protocols 3Health News:Various Snacks by Dancing Star Recalled: AttorneyOne Monitors and Keeps Consumers Informed 2Health News:Various Snacks by Dancing Star Recalled: AttorneyOne Monitors and Keeps Consumers Informed 3Health News:Strangers Come Together to Form Diabetes Website: Real Messages of Hope and Inspiration 2Health News:Single Women Motorcycle Riders In Rapid Increase 2Health News:Nasal Polyps Treatment Miracle Book Review Exposes Manuel Richards' Guide For Treating Nasal Polyps – Vkool.com 2Health News:Nasal Polyps Treatment Miracle Book Review Exposes Manuel Richards' Guide For Treating Nasal Polyps – Vkool.com 3
... ... ... ... HOUSTON , March 1 Despite Northstar management,s recent claim ...
... ... on Executive Position , ... Tucson, Ariz. (Vocus) February 28, 2010 -- Tom Rios has been promoted to ... Most recently, he had been Splendido’s director of accounting., , ,Rios will work with ...
... ... ... ... ...
... ... ... ... , , ...
... ... ... ... ...
... Researchers from The University of Texas M. D. Anderson ... measure the severity of symptoms that can complicate stem ... graft-versus-host disease (cGVHD), and was presented with supporting research ... cGVHD - a chronic disease that requires ...
Cached Medicine News:Health News:Northstar Management Forecasts a Loss of $1.2 Million for 2010 at Its Palladium for Surgery -- Houston, Ltd. Centre 2Health News:Tom Rios Named Executive Director at Splendido 2Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 2Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 3Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 4Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 5Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 6Health News:AMA: Physicians Outraged at Today's Steep Medicare Cut 7Health News:HCA Announces Offering of $1.0 Billion Senior Secured First Lien Notes 2Health News:HCA Announces Offering of $1.0 Billion Senior Secured First Lien Notes 3Health News:HCA Announces Offering of $1.0 Billion Senior Secured First Lien Notes 4Health News:Aflac Incorporated to Present at the Raymond James 31st Annual Institutional Investors Conference 2Health News:Aflac Incorporated to Present at the Raymond James 31st Annual Institutional Investors Conference 3Health News:Aflac Incorporated to Present at the Raymond James 31st Annual Institutional Investors Conference 4Health News:Aflac Incorporated to Present at the Raymond James 31st Annual Institutional Investors Conference 5Health News:M. D. Anderson develops tool to measure severity of chronic graft-vs.-host disease symptoms 2Health News:M. D. Anderson develops tool to measure severity of chronic graft-vs.-host disease symptoms 3
(Date:7/29/2014)... July 29, 2014 New technology in the ... allow physicians to see and assess brain tissue more ... to study authors who released their findings today at ... Annual Meeting in Colorado Springs, CO. ... field of neurointervention, a specialty that facilitates stroke treatment ...
(Date:7/29/2014)... HILL, Conn. , July 29, 2014 Numotion,s ... 2014, Mike Swinford will be the company,s new ... a highly successful 22-year career at GE where he worked ... million in annual revenue to over $5 billion. His most ... Global Services. "I am thrilled to join ...
(Date:7/29/2014)... Fla. , July 29, 2014 /PRNewswire-iReach/ -- ... service provider, has launched its Medical Equipment ...  These services are tailored to the cruise ... standards prompted industry operators to propose that they ... MHG Medical,s new program is intended to create ...
Breaking Medicine Technology:New Technology May Improve Visualization Of The Brain During Stroke Treatment 2New Technology May Improve Visualization Of The Brain During Stroke Treatment 3Numotion Names Mike Swinford CEO 2MHG Medical Management Services Aims to Change Cruise Industry Standard With New Equipment Maintenance Program 2
... MOSCOW, Jan. 3, 2012 Goodwin Biotechnology, Inc. (GBI) ... announced an agreement for cell line engineering and manufacturing ... line. The monoclonal antibody will be engineered by GBI,s ... lines, select the highest producer and manufacture the monoclonal ...
... 3, 2012 /PRNewswire-Asia/ -- The Ministry of Health and Welfare ... Kyung-Hwa) announced that a 19-year-old woman, Tan Hui-Linn, has been ... Korea project and will receive surgery at the JK Plastic ... life that was once full of hopes shattered on Oct. ...
Cached Medicine Technology:Goodwin Biotechnology and OncoMax, a Maxwell Biotech Portfolio Company, Announce a "Bench-to-Clinic" Collaboration for an Important Advance in Oncology 2Goodwin Biotechnology and OncoMax, a Maxwell Biotech Portfolio Company, Announce a "Bench-to-Clinic" Collaboration for an Important Advance in Oncology 3Acid Attack Victim from Malaysia Restores Her Lost Face with Support of Medical Korea 2
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: