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Hanger Reports Second Quarter 2013 Results
Date:7/31/2013

of approximately $0.03, acquisition costs and debt issuance cost associated with the June 2013 refinancing of the Company's bank credit facilities.  This increased earnings guidance reflects lower interest expense related to the refinancing of the Company's bank credit facilities in June, partially offset by lower adjusted operating margin expansion for the year, which the Company believes will be in the range of 20 to 40 basis points. The Company anticipates generating cash flow from operations of between $80 million and $100 million in 2013 and investing a total of $40 million to $50 million in capital additions.  The Company will continue its acquisition program with a goal of closing acquisitions that total approximately $20 million in annualized revenues in 2013.

A conference call to discuss these results is scheduled to begin at 9:00 a.m. Eastern, on Thursday, August 1, 2013. Those wishing to participate should call 1-877-662-6095. In addition, a replay will be available until midnight on Friday, August 9, 2013 by dialing 1-855-859-2056 and referencing Conference ID # 14811277.

About Hanger, Inc. – Built on the legacy of James Edward Hanger, the first amputee of the American Civil War, Hanger, Inc. (NYSE: HGR) delivers orthotic and prosthetic (O&P) patient care, and distributes O&P products and rehabilitative solutions to the broader market.  Hanger's Patient Care segment is the largest owner and operator of O&P patient care clinics with in excess of 730 locations nationwide.  Through its Products & Services segment, Hanger distributes branded and private label O&P devices, products and components, and provides rehabilitative solutions.  Steeped in over 150 years of clinical excellence and innovation, Hanger's vision is to be the partner of choice for products and services that enhance human physical capability.
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SOURCE Hanger, Inc.
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