Hanger Orthopedic Group, Bethesda, Maryland, has announced 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 company stated in a press release. The revised earnings per share estimate represents between 35 and 46 percent growth for the quarter. The company also stated that, based on the new fourth-quarter estimates, it 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.”
Details of the fourth-quarter performance and guidance for 2010 will be discussed on Hanger’s fourth-quarter earnings-release conference call at 9 a.m. EST on February 11, 2010. Call-in information for the conference call will be available soon in the newsroom of www.hanger.com