Hanger Orthopedic Group’s success is attributed to a four percent increase in same-center sales in the patient care segment, a 10.4 percent sales increase in the distribution segment and an increase in principally related sales from acquisitions.
The net sales for the six-months ending June 30 were reported as $362.6 million, a 5.9 percent increase in net sales from the same time last year.
Hanger Orthopedic Group generated $19.6 million in cash during the second quarter of 2010 as compared with $24.5 million during the second quarter of 2009. The company attributes the decrease to funding of the company headquarters relocation.
Read the release on the 2Q FY 2010 report of Hanger Orthopedic Group.
Read other coverage on Hanger Orthopedic Group:
– Hanger Orthopedic Reports Record Q4 Sales of $205M, Announces Relocation
