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Matria reports first quarter earnings of 26 cents per share excluding severance costs.(Matria Healthcare Inc.)
2002 MAY 30 - (NewsRx.com & NewsRx.net) -- Matria Healthcare, Inc., (MATR) announced that revenues for the first quarter of 2002 grew 6% to $65.2 million, compared with first quarter of 2001 revenues of $61.4 million.
First quarter of 2002 net earnings available to common shareholders were $1.6 million, or $0.17 per diluted common share, compared with $1.1 million, or $0.13 per diluted common share, in the 2001 first quarter. Excluding the previously announced $1.3 million severance expense recorded in selling and administrative expenses in the first quarter of 2002, net earnings available to common shareholders for the 2002 first quarter were $2.4 million, or $0.26 per diluted common share.
Excluding the severance charge, earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first quarter of 2002 were $8.9 million, or $0.95 per diluted common share, compared with $9.5 million, or $1.01 per diluted common share, for the year-ago first quarter.
Parker H. Petit, chairman, president, and CEO, stated, "As previously communicated, we anticipated first quarter revenues to be down from the fourth quarter. Women's Health recovered as expected from its seasonal-driven year-end low, and had good revenue trends in February and March. We expect to see the typical increase in Women's ...
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Source: HighBeam Research, Matria reports first quarter earnings of 26 cents per share excluding...