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SXC Health Solutions announces second quarter financial results
Date:8/7/2008

and cash equivalents totalling $50.1 million and $90.9 million, respectively. The decrease is primarily related to cash paid in the acquisition of NMHC ($101.7 million), partially offset by borrowings under the term loan ($46.5 million).

2008 Financial Guidance

With today's announcement, SXC is increasing its consolidated revenue guidance from a range of $545-600 million to $825-$875 million. Based on its original forecast, the Company is also now guiding to the higher end of the following ranges:

- Gross profit of $106-$114 million

- Adjusted EBITDA of $35-$39 million

- GAAP EPS (diluted) of $0.41-$0.50 (including the amortization

directly related to the NMHC acquisition)

- Non-GAAP adjusted earnings per share(1) (diluted) of $0.61-$0.70

(excluding the NMHC transaction-related amortization)

The Company reconfirms its objective of generating $6.0-$8.0 million of synergies in the first 12 months following closing of the NMHC transaction, and $12-$14 million of synergies in the subsequent 12 months.

Notice of Conference Call

SXC will host a conference call on August 7, 2008 at 8:30AM (ET) to discuss its financial results. Mark Thierer, President and CEO, and Jeff Park, Senior Vice President Finance and CFO will co-chair the call. All interested parties can join the call by dialing 416-644-3426 or 1-800-588-4490. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until Thursday, August 14, 2008 at midnight. To access the archived conference call, please dial 416-640-1917 or 1-800-718-6306 and enter the reservation code 21278499 followed by the number sign.

A live audio webcast of the conference call will be available http://www.sxc.com and http://www.newswire.ca. Please connect at least 15 minutes prior to the conf
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SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

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