Navigation Links
Spheris Reports Third Quarter 2008 Results
Date:11/12/2008

008

Net revenues for the nine month period ended September 30, 2008 were $141.1 million compared with $151.8 million in the prior-year period. The decrease in net revenues was due primarily to the impact of net lost business and lower average pricing.

Operating income for the nine month period ended September 30, 2008 was $1.0 million, or 0.7% of net revenues, compared with operating income of $6.1 million, or 4.0% of net revenues, in the prior-year period. During the first quarter of 2008, the Company recorded $1.3 million of expenses relating to a transaction that was not consummated. Excluding these transaction costs, operating income would have been $2.3 million, or 1.6% of net revenues, for the nine month period ended September 30, 2008. In addition to the impact of the transaction costs, the decrease in operating income was due primarily to lower net revenues as described above, accelerated technology investments to further develop and enhance our product and service offerings, as well as costs associated with the expansion of our global capacity. These costs were partially offset by operational cost savings from increased utilization of our global production workforce and speech recognition technologies, in addition to other cost savings initiatives.

Adjusted EBITDA for the nine month period ended September 30, 2008 was $18.7 million, or 13.3% of net revenues, compared with $24.3 million, or 16.0% of net revenues, in the prior-year period. Excluding the $1.3 million of transaction related expenses noted above, Adjusted EBITDA would have been $20.0 million, or 14.2% of net revenues, for the nine month period ended September 30, 2008. The decrease in Adjusted EBITDA was primarily due to the impact of lower net revenues, accelerated technology investments, and transaction costs described above.

Commenting on the third quarter 2008 results, Steven E. Simpson, President and Chief Executive Officer of Spheris, stated, "The third quarter
'/>"/>

SOURCE Spheris
Copyright©2008 PR Newswire.
All rights reserved

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

Related medicine news :

1. Spheris Reports Fourth Quarter and Year-End 2007 Results
2. Spheris Sets Fourth Quarter 2007 Earnings Release and Conference Call Dates
3. Spheris Elects New Board Member
4. MAP Pharmaceuticals Reports Third Quarter of 2008 Financial Results
5. Symmetry Medical Reports Third Quarter 2008 Financial Results
6. EntreMed Reports Clinical Program Progress and Company Update
7. NBTY Reports Fourth Quarter and Fiscal Year Results
8. IPC The Hospitalist Company Reports Record Third Quarter 2008 Results
9. Consumer Reports Survey: Nearly Half of Adults Wont Get Flu Vaccine, Citing Poor Excuses Like I Dont Get Sick
10. Phase II Trial of Experimental Anti-Coagulant Reports Safety and Outcomes Data
11. MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 2015 Juvent Sports ( http://www.juventsports.com ) ... PGA Merchandise Show to bestow a Juvent Sports Achievement ... golfer, Arlene McKitrick. The award commemorated and congratulated McKitrick ... win. She won her first amateur tournament in 1979 ...
(Date:1/22/2015)... 2015 Autocarinsurancebest.com has released a new blog ... auto insurance policy . , Auto insurance quotes help ... is no longer necessary to call an agent or visit ... online on a single website: http://autocarinsurancebest.com/ . , Every ...
(Date:1/22/2015)... (PRWEB) January 22, 2015 Joan Lunden, ... keynote speaker at the upcoming 32nd Annual Miami ... Physicians’ Education Resource®, LLC (PER®) , shares that ... have gone undetected if she had not followed up ...
(Date:1/22/2015)... January 23, 2015 Recently, Weddingshe.com has added ... and has announced its highest annual revenues in the past ... its popular glamorous wedding dresses. , According to the sales ... wedding dress promotions for them in 2015. This point can ...
(Date:1/22/2015)... January 22, 2015 Payday lending practices ... communities and cause financial distress to the states that ... at Howard University’s Center on Race and Wealth. , ... economic activity, payday loans at the same time substantially ...
Breaking Medicine News(10 mins):Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 2Health News:All-Time Leading Female Amateur Golfer Arlene McKitrick Receives Juvent Sports Achievement Award at 2015 PGA Show 3Health News:Commercial Auto Insurance Provides Several Important Features! 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 2Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 3Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 4Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 5Health News:Joan Lunden Reveals Diagnostic Approach That Led To Early Detection;To Keynote 32nd Annual Miami Breast Cancer Conference® 6Health News:Weddingshe Announces A Special Offer On Its Popular Glamorous Wedding Dresses 2Health News:Howard University Spotlights the Economic Impact of Payday Lending in Southern States 2
... holistic tourism centre that will promote medical tourism besides ... said here Wednesday . ,"This centre ... tourism and medical tourism," Balakrishnan told the state assembly. ... (CII) was currently preparing a report for the promotion ...
... India in tackling its severe water problem with not just ... water treatment, drip irrigation and conservation . ,"Most ... said Yosef Dreizen, deputy commissioner of water and the head ... an uphill task for Israel over the last few years ...
... disorder figures among seem to soar out of proportion, ... to parliamentary questions from the Liberal Democrats show ... disorders has risen by a third in the last ... of 18. ,The most common disorders are anorexia ...
... a step Wednesday toward offering vaccinations against cervical cancer for ... be carried out by late next year. The Joint ... vaccines to guard against the human papilloma virus (HPV), a ... ,The Department of Health said it had agreed ...
... on Wednesday said an outbreak of measles in a village ... and caused a further 100 children to be hospitalised. ... 100 children are in two hospitals at Maiduguri, the state ... the Borno state health ministry told AFP. ,He ...
... University of Alabama at Birmingham (UAB) have traced the ... and that in human RNA , a significant development ... resistance. ,The new findings have been reported ... Professor of Biochemistry and Molecular Genetics. ,"RNA ...
Cached Medicine News:Health News:Kerala to Set Up Holistic Tourism Centre to Promote Medical Tourism 2Health News:Israel Offers Help to India in Tackling Water Scarcity 2Health News:Eating Disorder Figures Among Children Soars 2Health News:Girls Could Be Vaccinated Against Cervical Cancer in Britain 2Health News:Scientists Trace New Pathway That may Stem Antibiotic Resistance 2
(Date:1/23/2015)... , Jan. 23, 2015  CytoSorbents Corporation (NASDAQ CM: ... CytoSorb® extracorporeal cytokine adsorber to reduce deadly inflammation ... receipt of $385,642, net of transaction costs, in ... Technology Business Tax Certificate Transfer Program sponsored by ...
(Date:1/23/2015)... and BOSTON , January 23, 2015 ... and development company, is delighted to announce that the ... to Miles Congreve (Vice President of Chemistry), ... Malcolm Weir (Chief Executive Officer and co-founder) for the ...
(Date:1/22/2015)... Jan. 22, 2015  BiOptix is pleased to announce the ... President of Chemistry and Biochemistry. Scott joins the company after ... and Amgen throughout the course of his nearly 20 ... "Scott is a nationally recognized thought leader in the ...
Breaking Medicine Technology:CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 2CytoSorbents Receives $385,000 in Non-Dilutive Funding from the New Jersey Technology Business Tax Certificate Transfer Program 3Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 2Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 3Heptares Scientists to Receive the Malcolm Campbell Memorial Prize for 2015 in Recognition of Their Outstanding Contribution to GPCR Drug Discovery 4BiOptix Expands Leadership Team with the Appointment of Dr. Scott Klakamp as Vice President of Chemistry and Biochemistry 2
... (NYSE: CRY ), a leading tissue processing and ... today that 2011 second quarter financial results will ... the Company will hold a teleconference call and live webcast ... by a question and answer session hosted by Steven G. ...
... 2011 Solos Endoscopy, Inc.,s (OTCPK: SNDY) MammoView® ... become crucial to early breast cancer screening as ... rates. The Solos MammoView® Breast Endoscopy System is ... undetectable by other methods as well as complement ...
Cached Medicine Technology:CryoLife Announces Release Date and Teleconference Call Details for 2011 Second Quarter Financial Results 2Solos Endoscopy's MammoView® System Proves Crucial to Early Breast Cancer Detection 2
... Instruments were developed in surgeon's desire to ... having an instrument with the strength to ... of the bending or breaking. Arthrotek Hand ... conform to the surgeon's hand. This new ...
... Arthrotek® Precision Hand Instruments were developed ... tactile feel, while still having an instrument ... spaces without the fear of the bending ... designed and manufactured to conform to the ...
... Arthrotek® Precision Hand Instruments were developed ... tactile feel, while still having an instrument ... spaces without the fear of the bending ... designed and manufactured to conform to the ...
... Precision Hand Instruments were developed in surgeon's ... while still having an instrument with the ... the fear of the bending or breaking. ... manufactured to conform to the surgeon's hand. ...
Medicine Products: