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Hanger Orthopedic Group Announces Preliminary Third Quarter Revenue and Earnings
Date:10/18/2010

AUSTIN, Texas, Oct. 18 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) announced preliminary net sales of $206.7 million for the quarter ended September 30, 2010, an increase of $14.4 million, or 7.5%, from $192.3 million in the prior year. Preliminary adjusted diluted earnings per share, which excludes the cost of relocating the Company's corporate headquarters and cost incurred in connection with the pending acquisition of Accelerated Care Plus Corp. announced earlier today, were $0.37 per diluted share for the third quarter of 2010, a 23.3 % increase compared to $0.30 per diluted share in the same period in 2009.  Preliminary reported diluted earnings per share were $0.21 for the third quarter of 2010.

The Company plans to issue a press release announcing the complete results for the quarter ended September 30, 2010, on Wednesday, October 27, 2010 after the close of the market. A conference call to discuss these results is scheduled to begin at 9:00 a.m., EDT, on Thursday, October 28, 2010. Those wishing to participate should call 1-800-931-9710. In addition, a replay will be available until Friday, November 5, 2010 by dialing 1-800-642-1687 and referencing Conf. ID # 13476575.

Hanger Orthopedic Group, Inc., headquartered in Austin, Texas, is the world's premier provider of orthotic and prosthetic patient care services. Hanger is the market leader in the United States, owning and operating in excess of 675 patient care centers in 45 states and the District of Columbia, with over 3,800 employees, including over 1,100 practitioners, as of September 30, 2010.  Hanger is organized into four units. The two key operating units are patient care, which consists of nationwide orthotic and prosthetic practice centers, and distribution, which consists of distribution centers managing the supply chain of orthotic and prosthetic componentry to Hanger
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SOURCE Hanger Orthopedic Group, Inc.
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