Navigation Links
Spheris Reports Fourth Quarter and Year-End 2007 Results
Date:3/26/2008

TDA is a non-GAAP financial measure. Please refer to the "Supplemental Financial Information" and related note contained in this press release for further discussion and reconciliation of GAAP financial measures to EBITDA.

Financial Highlights - Year Ended December 31, 2007

Net revenues for the year ended December 31, 2007 were $200.4 million compared with $207.1 million in 2006. The decline in net revenues during 2007 as compared with 2006 was primarily caused by delayed implementations during the first half of 2007 of signed new business, industry pricing pressures affecting both our existing and new customer relationships and less signed new business driven, in part, by the timing of the Company's new technology development initiatives. Operating income was $7.4 million, or 3.7 % of net revenues, during 2007 compared with $4.1 million, or 2.0% of net revenues, during 2006. The improvement in operating income margin during 2007 was primarily due to operational cost savings from increased utilization of the Company's global production capabilities, lower MLS-related direct costs and other operating expense reductions, as well as decreased depreciation expense. These savings were partially offset by the impact of unfavorable foreign currency exchange rates associated with production costs of the Company's Indian operations.

EBITDA was $31.6 million, or 15.8% of net revenues, in the year ended December 31, 2007 compared with $30.7 million, or 14.8% of net revenues, in 2006. The increase in 2007 EBITDA as compared with 2006 was primarily due to the impacts of operating cost savings and decreased depreciation expense described above.

Commenting on the fourth quarter and year-end 2007 results, Steven E. Simpson, president and chief executive officer of Spheris, stated, "I'm pleased to announce that we not only finished the year with a strong annual EBITDA performance, but also with great confidence that the sound technology investments we've
'/>"/>

SOURCE Spheris
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11

Related medicine news :

1. Spheris Sets Fourth Quarter 2007 Earnings Release and Conference Call Dates
2. Spheris Elects New Board Member
3. NeurogesX Reports Fourth Quarter and Year-End 2007 Financial Results
4. QMed, Inc. Reports Year-End and Fourth Quarter Results
5. Pelosi Statement on Social Security and Medicare Trustees Reports
6. NASI Experts Available to Comment on 2008 Social Security and Medicare Trustees Reports
7. SPO Medical Reports 2007 Sales: Growth of 35% Compared to 2006
8. Ardea Biosciences Reports Progress of Clinical Development Programs; Provides 2008 Outlook; Announces 2007 Financial Results and Provides 2008 Financial Guidance
9. U.S. Army Study Reports WoundStat(TM) is Most Effective
10. CryoCor Reports 2007 Results
11. IPC The Hospitalist Company Reports Fourth Quarter and Full Year 2007 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2009)... 16 Shoppers like knowing if their ... Argentina. But grocers have found it burdensome to ... laws requiring them to provide the information at ... easyCOOLnow.com for easily making grocery and ... provisions that require retailers of unprocessed fruits, vegetables ...
(Date:12/16/2009)... 16 A new software program developed by ... healthcare facilities to calculate their staffing needs as it ... allows inpatient healthcare facilities to calculate their mandatory ... ratios and receive a daily report as to how ... a leader in risk management in the healthcare industry, ...
(Date:12/16/2009)... In a random sampling of wood pallets used ... PA, numerous pallets tested positive for Listeria and ... create health hazards for consumers. The new ... testing conducted in the Washington-Baltimore area, further illustrating ... nation,s food supply from wood pallets. ,, The ...
(Date:12/16/2009)... procedures in cardiology. The idea of publishing an ESC ... European cardiovascular imagers, is therefore long awaited. The textbook ... a patient rather than technology-based approach, helping clinicians to ... of imaging. , The book is divided into ... of cardiac imaging and its clinical use in all ...
(Date:12/16/2009)... happens when the families of sick and dying hospitalized ... for them? How do pediatricians respond to such personal ... and spirituality help some patients and families cope with ... almost always the families and patients who raise the ... the current issue of Southern Medical Journal , ...
Breaking Medicine News(10 mins):Health News:New Website Helps Grocers Comply With COOL Laws 2Health News:United States Patent Office Allows CareRise Patent on 24/7 Staff-Census Software 2Health News:New Tests Confirm Wood Pallets Harbor Deadly Food Poisoning Bacteria 2Health News:New Tests Confirm Wood Pallets Harbor Deadly Food Poisoning Bacteria 3Health News:New Tests Confirm Wood Pallets Harbor Deadly Food Poisoning Bacteria 4Health News:The European Society of Cardiology Textbook of Cardiovascular Imaging puts patient at center 2Health News:The European Society of Cardiology Textbook of Cardiovascular Imaging puts patient at center 3Health News:Prayer on the hospital floor 2
... TAIPEI, Taiwan Oct. 8 /Xinhua-PRNewswire/ -- Unitech, a ... services,and the top player in the rugged PDA ... Healthcare PDA. The PA600 Healthcare PDA has been,specifically ... The PA600 Healthcare PDA is a compact ...
... ... Economic Environment, OWINGS MILLS, Md., Oct. 8 Medifast, Inc.,(NYSE: ... Center in the Baltimore, Maryland market located at 5 Bel,Air S. Parkway, ... marks a milestone for the company as it continues to expand,the brick-and-mortar ...
... SXC Health Solutions Corp.,("SXC" or the "Company") (NASDAQ: ... of,pharmacy benefits management ("PBM") services, announces that its,informedRx ... to members,of the HR Policy Association (HRPA). HRPA,s ... large employers, representing 50% of the large,employer market ...
... of License to Wyeth (NYSE:,WYE) and Elan Pharma ... Intellect Neurosciences,Inc. (OTC Bulletin Board: ILNS), a biopharmaceutical ... the treatment and,prevention of Alzheimer,s disease (AD), announced ... with a top-tier global pharmaceutical company,regarding the right ...
... to test themselves for H.I.V. from the comfort and privacy of their ... hoped that through home tests more people will be tested, helping the ... ... 2008 -- In the internet age, people are getting more used to ...
... the Follicular Unit Transplantation procedure for hair restoration is featured ... treatment. , ... New York, NY ... features Dr. Bernstein discussing his pioneering follicular unit hair transplant ...
Other Medicine News:Health News:Unitech Launches Its Healthcare PDA to Catch Medical Market Trend 2Health News:Medifast Announces Opening of First Franchise Clinic 2Health News:Medifast Announces Opening of First Franchise Clinic 3Health News:Medifast Announces Opening of First Franchise Clinic 4Health News:Medifast Announces Opening of First Franchise Clinic 5Health News:SXC Health Solutions announces PBM certification from the HR Policy Association 2Health News:SXC Health Solutions announces PBM certification from the HR Policy Association 3Health News:Intellect Neurosciences, Inc. Grants to Top Tier Global Pharmaceutical Company an Option to License Certain Alzheimer's Patents and Patent Applications 2Health News:Intellect Neurosciences, Inc. Grants to Top Tier Global Pharmaceutical Company an Option to License Certain Alzheimer's Patents and Patent Applications 3Health News:Intellect Neurosciences, Inc. Grants to Top Tier Global Pharmaceutical Company an Option to License Certain Alzheimer's Patents and Patent Applications 4Health News:HIV Test Kit Markets a New Development in the War Against the AIDS Virus, an Easy Home HIV Testing Device 2Health News:Pioneering Hair Transplant Doctor Explains Procedure on Oprah Winfrey Show 2
(Date:12/16/2009)... Dec. 16 Keryx Biopharmaceuticals, Inc. ... initiation of a Phase 3 registration clinical ... pathway inhibitor, in relapsed / refractory multiple ... Phase 3 Randomized Study to Assess the ... the Combination of Bortezomib (Velcade®) and Dexamethasone ...
(Date:12/15/2009)... Dec. 15 Warner Chilcott plc (Nasdaq: ... Warner Chilcott Corporation (the "Company") has commenced a ... to the conditions set forth in the Company,s ... December 15, 2009 (the "Offer to Purchase"), for ... subordinated notes due 2015 (the "Notes"). ,, The ...
(Date:12/15/2009)... Sonic Innovations, Inc. (Sonic), a Utah-based global provider ... to its local Feeding America network member food ... Innovations President Paul Wennerholm presented the $10,000 check ... Food Bank, at the nonprofit organization,s Salt Lake ... office food drive and volunteered their time working ...
Breaking Medicine Technology:Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 2Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 3Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 4Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 5Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 6Keryx Biopharmaceuticals, Inc. Initiates Phase 3 Registration Trial of KRX-0401 (Perifosine) for Treatment of Patients with Advanced Multiple Myeloma 7Warner Chilcott Commences Tender Offer for its 8.75% Senior Subordinated Notes due 2015 2Warner Chilcott Commences Tender Offer for its 8.75% Senior Subordinated Notes due 2015 3Warner Chilcott Commences Tender Offer for its 8.75% Senior Subordinated Notes due 2015 4Warner Chilcott Commences Tender Offer for its 8.75% Senior Subordinated Notes due 2015 5Warner Chilcott Commences Tender Offer for its 8.75% Senior Subordinated Notes due 2015 6Sonic Innovations, Inc. Donates $10,000 to Feeding America 2IASP Sponsors Global Year Against Musculoskeletal Pain 59712 1IASP Sponsors Global Year Against Musculoskeletal Pain 59712 2Homecare Recipients and Providers to Rally against Cuts in IHSS Program 3B Hearing on Lawsuit in Oakland Federal Court Monday 59707 1Homecare Recipients and Providers to Rally against Cuts in IHSS Program 3B Hearing on Lawsuit in Oakland Federal Court Monday 59707 2Small mechanical forces have big impact on embryonic stem cells 10410 1Small mechanical forces have big impact on embryonic stem cells 10410 2
PhenoPath Laboratories provides screening, diagnostic, and prognostic testing services to hospitals, physician offices, surgery centers, biopharmaceutical companies and research institutions nationwi...
RML, Inc. is an independent clinical laboratory that provides laboratory services to area physicians, hospitals, clinics, nursing homes, veterinarians, and occupational medicine throughout Southwest ...
Quest Diagnostics built its reputation by providing the highest quality and most extensive list of routine and esoteric testing to help physicians diagnose, treat, and monitor disease....
... University Dermatology, Allergy and Clinical Immunology ... Laboratory Improvement Act - 1988) licensed ... 1982. Its mission is to provide ... immunology testing to patients throughout North ...
Medicine Products: