Hanger Orthopedic Group, headquartered in Austin, Texas, announced net sales of $206.7 million for the third quarter ending September 30, 2010. Figures were up $14.4 million above the $192.3 million for the previous year, for a 7.5 percent increase. Excluding costs incurred for the company’s headquarters’ relocation effort, and the forthcoming acquisition of Accelerated Care Plus, Reno, Nevada, adjusted diluted earnings per share were $0.37 for the third quarter, up from $0.30 per diluted share for the same period in 2009, for a 23.3 percent increase. Diluted earnings per share were $0.21 for the third quarter 2010.
“We continue to be focused on delivering solid growth in revenues along with expansion of our operating margin,” said Thomas F. Kirk, president and chief executive officer of Hanger Orthopedic Group in a press release. “This marks the 19th consecutive quarter we have met or exceeded consensus expectations. Year to date, we have delivered an 18 percent increase in adjusted earnings per share.” He added, “We are very proud of our employees’ efforts in building shareholder value and our consistent record of growth over the past five years.
