NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 20... (er diluted share in the third qua...)

NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 2007 Results

Date:10/30/2007

er diluted share

in the third quarter 2007, from $6.5 million, or $0.21 per diluted

share in the third quarter 2006. Adjusted net income was impacted by

the record scan volumes and revenues, higher expenses associated with

acquired companies where integration is not yet complete, interest

expense on acquisition-related debt financing, and additional

investments necessary to support future growth.

-- GAAP net income was $3.8 million, or $0.12 per diluted share,

compared to $5.6 million, or $0.18 per diluted share in the third

quarter 2006. GAAP net income was impacted by higher expenses

associated with acquired companies where integration is not yet

complete; interest expense on acquisition-related debt financing;

additional investments necessary to support future growth; and higher

non-cash charges for stock compensation, IBNR (incurred but not

reported medical liability reserves), and amortization of

intangibles.

-- On July 16, 2007, the company acquired Midwest Physician Services,

LLC, the business services division of St. Paul Radiology. With this

acquisition, NightHawk expanded its service offerings and now

provides the broadest suite of integrated radiology solutions

available - professional services, clinical workflow technology, and

business services. The acquisition further distinguishes NightHawk as

the leading provider of radiology solutions.

2007 and 2008 Guidance

-- The company revised its full year 2007 guidance for revenue and

adjusted earnings per diluted share. Full year 2007 revenue guidance

was lowered from $155-$162 million to $152-$155 million. Full year

2007 guidance for adjusted earnings per diluted share was narrowed

from $0.94-$0.98 to $0.94-$0.96. The company expects to finish
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NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 20...(er diluted share in the third qua...),Health