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Hanger Orthopedic Group Increases Q4 2009 Sales and EPS Guidance
Date:1/12/2010

BETHESDA, Md., Jan. 12 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) announced today that it expects to report record fourth quarter sales of approximately $205 million. Given the higher than expected sales volume and continued emphasis on cost control, the Company expects to report earnings per share in the range of $0.35 to $0.38 for the quarter.  

The revised earnings per share estimate represents between 35% and 46% growth for the quarter. Based on the new fourth quarter estimates, the Company expects to report approximately $760 million in sales and earnings per share in the range of $1.10 to $1.13 for the full year.  

"Our employees did an outstanding job generating another record year of sales and profits," Hanger Orthopedic Group President and CEO Tom Kirk said.  "I am very proud of their efforts and accomplishments throughout 2009."

The Company also announced the decision to relocate its corporate headquarters to Austin, Texas from Bethesda, Maryland.  Hanger's new Austin headquarters will provide ample space for future growth, improved operational efficiency, and an enhanced quality of life for corporate employees. Austin's central location in the United States will also facilitate improved communication with Hanger's national footprint of more than 700 patient care centers and supporting operational locations.  Before deciding on Austin<
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SOURCE Hanger Orthopedic Group, Inc.
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