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Express Scripts Announces Record Third Quarter Earnings and 2011 Guidance
Date:10/27/2010

ST. LOUIS, Oct. 27 /PRNewswire-FirstCall/ -- Express Scripts, Inc. (Nasdaq: ESRX) announced 2010 third quarter net income from continuing operations of $307.1 million, or $0.57 per diluted share.  Third quarter adjusted earnings per share, as detailed in Table 4, was $0.65 per diluted share, an increase of 55% over 2009.

Third Quarter 2010 Review (2010 data reflected on an adjusted basis. See Tables 2 and 3)

  • Total adjusted claims of 186.9 million, up 48% from 2009
  • Gross profit of $807.7 million, up 32% from 2009
  • EBITDA of $617.1 million, up 45% from 2009
  • EBITDA per adjusted claim of $3.30, up from $3.10 in the second quarter
  • Year to date net cash flow from operations of $1.8 billion, up 99% from 2009
  • Repaid remaining outstanding balance of term loan facility
  • Repurchased 16.4 million shares for $747.5 million

  • "Through our business model of alignment, we lower costs for clients, improve health outcomes for members, and generate exceptional shareholder value," stated George Paz, chief executive officer and chairman. "Our third quarter results demonstrate our commitment to enabling better health and value – one consumer at a time."

    The Company has now successfully implemented 90% of NextRx membership onto Express Scripts' IT systems.  The migration of the remaining membership is expected to be completed by the end of the year.  The Company expects to complete the integration, including retirement of NextRx IT systems and rationalization of operational footprint during the first quarter of 2011."As we near the completion of the NextRx integration, we can turn our focus to the potential of this strategic alliance, which will open new horizons for improving healthcare outcomes for members while lowering overall costs through development of innovative product and service offerings
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    SOURCE Express Scripts, Inc.
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