Hanger Orthopedic Group, Inc. Reports $0.31 EPS for the Second Quarter 2009 and Raises Full Year EP...(differ materially from those expressed i...),Health

Date:7/28/2009

differ materially from those expressed in, or implied by, these statements, including the Company's ability to enter into and derive benefits from managed care contracts, the demand for the Company's orthotic and prosthetic services and products and the other factors identified in the Company's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

-tables to follow-

                               Hanger Orthopedic Group, Inc.
                 (Dollars in thousands, except share and per share amounts)
                                       (Unaudited)

                               Three Months Ended       Six Months Ended
                                    June 30,                June 30,
    Income Statement:           2009        2008        2009        2008
    Net sales                $193,523     $181,184    $362,670    $338,840
    Cost of goods sold
     - materials               58,848       55,275     109,897     101,997
    Personnel costs            65,748       61,544     129,807     121,884
    Other operating
     expenses                  40,963       38,689      75,416      70,903
    Depreciation and
     amortization               3,808        4,289       8,264       8,470
    Income from operations     24,156       21,387      39,286      35,586
    Interest expense            7,595        8,045      15,202      16,303
    Unrealized gain from
     interest rate swap           167            -         167           -
    Income before taxes        16,728       13,342      24,251      19,283
    Provision for
     income taxes               6,692        5,337       9,700       7,713
    Net income                 10,036 
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SOURCE  Hanger Orthopedic Group, Inc.
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