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Provider of newborn and maternal-fetal care announces financial results.

Women's Health Weekly

| September 02, 2004 | COPYRIGHT 2004 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

2004 SEP 2 - (NewsRx.com & NewsRx.net) -- Pediatrix Medical Group, Inc., (NYSE:PDX) reported record quarterly results from operations for the 3 months ended June 30, 2004, and modified existing earnings guidance.

Pediatrix also announced that its board of directors has authorized the repurchase of an additional $50 million of the company's common stock.

Highlights for the 3 months ended June 30, 2004, include record:

- Earnings per share of 99 cents, up 21% from the comparable period of 2003;

- Revenue of $152.2 million, an increase of 14% over the prior-year period;

- Operating income of $40.4 million, up 25%; operating margin expanded by 230 basis points, to 26.5%; and

- Quarterly net income of $25.2 million, an increase of 27% over the prior-year period of 2003.

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