Hanger Orthopedic Group Inc. (NYSE: HGR), Bethesda, Maryland,
announced its 2006 fourth quarter results February 13. The company
announced revenue of $153.9 million, a 3.2 percent increase from
$149.2 million in the prior year’s comparable quarter, and net
income of $4.9 million, or $0.17 per diluted share, for the quarter
ended December 31, 2006. In 2006, revenue grew by 3.6 percent to
$598.8 million compared to $578.2 million in the prior year.
Pro-forma net income was $14.5 million, or $0.49 per diluted share,
for the year ended December 31, 2006, adjusted for the effects of
its refinancing, compared to $8.1 million of net income applicable
to common stock in the prior year, or $0.37 per diluted share,
excluding the impact of $3.7 million in net operating loss
carry-forwards in various states, net of certain discrete tax
items.
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