NightHawk Radiology Holdings, Inc. Releases Record Third Quarter 20...(netincome in 2008 as the company complet...),Health

Date:10/30/2007

net income in 2008 as the company completes the integration of these acquisitions into the NightHawk platform. Adjusted net income was also impacted by investments in the business and in new services to position the company for future growth. The company projects increases in operating margins in the fourth quarter of 2007, with the full benefits of acquisition integration and related investments to be realized in 2008 and beyond.

GAAP net income for the third quarter of 2007 was $3.8 million compared to $5.6 million for the third quarter of 2006. The decrease in 2007 GAAP net income was largely due the same items described above with respect to adjusted net income. Additionally, GAAP net income was impacted by higher non-cash charges for stock compensation, IBNR, and amortization of intangibles.

A reconciliation of adjusted net income to GAAP net income is included in the tables attached to this press release.

"We're pleased with our progress in the first nine months of 2007 -- a time spent on further differentiating NightHawk and positioning the company to achieve growth in 2008 and beyond," said Mayleben. "We do not anticipate any significant change to our overall financial health or growth trajectory and look forward to further distinguishing NightHawk as the leading provider in the industry in the coming year."

Earnings Conference Call

The company will host a conference call on Wednesday, October 31, 2007 at 8:30 a.m. (ET). A live web cast of the conference call, as well as a replay, will be available online on the company's corporate web site at http://www.nighthawkrad.net. Participants can also access the call by dialing 800-257-1836 (within the United States and Canada), or 303-262-2142 (international callers). A replay of the call will be available approximately two hours after the call has ended and will be available until 11:59 p.m. (ET) on Wednesday, November 21, 2007.
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SOURCE NightHawk Radiology Holdings, Inc. Copyright©2007 PR Newswire. All rights reserved

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