APRIA HEALTHCARE GROUP INC. REPORTS FOURTH QUARTER AND FISCAL 1995 YEAR-END RESULTS *T Fiscal 1995 Highlights: o Net Revenue $1.1 Billion Up 18%(a) o Operating Income $154 Million Up 54%(a) o Net Income $71 Million Up 99%(a).COSTA MESA Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center. , Calif.--(HealthWire)--March 7, 1996-- Apria Healthcare Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APRA APRA (ä`prä) or the Alianza Popular Revolucionaria Americana, reformist political party in Peru, also called the Partido Aprista. ) announced today results for its fourth quarter and year ended December December: see month. 31, 1995. For the fourth quarter of 1995, net revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before unusual/non-recurring charges rose 9.8% to $285.1 million. Net income from continuing operations before unusual/non-recurring charges of $8.3 million increased 31.2% to $19.5 million or $0.38 per share, compared with $14.9 million or $0.31 per share, for the same period a year ago. For the year ended December 31, 1995, net revenue from continuing operations before unusual/non-recurring charges reached $1.1 billion, up 18.3% from fiscal 1994. Net income from continuing operations for fiscal 1995 before unusual/non-recurring charges was $71.0 million or $1.40 per share, as compared with $35.6 million or $0.78 per share last year. Net revenue for the fourth quarter of 1995 reached $284.0 million as compared with $259.6 million for the same period a year ago. Net income for the quarter was $17.4 million or $0.34 a share, versus $14.9 million or $0.31 per share, for the comparable period last year. Net revenue for the year ended December 31, 1995 increased 17.7% to $1.1 billion versus $962.8 million in 1994. Net loss was $74.5 million compared to a net profit of $39.0 million for the year ended December 31, 1994. Commenting on the 1995 performance and results, Apria Healthcare's Chairman and Chief Executive Officer Jeremy Jeremy (jĕr`ĭmē), English form of Jeremiah. The Epistle of Jeremy is a title given to the sixth chapter of Baruch. M. Jones, stated: "The completion of the merger along with a rapid integration marks our accomplishments during 1995. This merger provided us the opportunity to create a leading homecare British Gas HomeCare is the name for British Gas Services which operates in the United Kingdom, which was originally set up to provide maintenance for central heating and other gas appliances. company which now possesses key elements necessary for competing in a changing healthcare environment. We have spent a great deal of time and energy reorganizing the company while capitalizing on our synergies in an effort to develop a delivery system designed to meet the needs of our customers nationally, regionally and locally. We have made great progress and believe that 1996 will offer Apria as well as the industry vast and exciting opportunities." Costa Mesa, Calif.-based Apria Healthcare provides and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. manages comprehensive integrated homecare services which include home infusion, respiratory therapy respiratory therapy Medical profession concerned with assisting the respiratory function of individuals who have severe lung disorders. Practices include suctioning to clear secretions from the airway, use of aerosol mists (sometimes medicated) or gases to ease breathing, , home medical equipment, women's healthcare, nursing and coordinated care through 350 locations serving patients in 49 states.
Apria Healthcare Group Inc.
Summary Financial Information on a Pro Forma Basis(b)
Three Months Ended Year Ended
December 31, December 31,
(in thousands, except per share data)
1995 1994 %Change 1995 1994 %Change
Net Revenue $285,135 $259,647 9.8% $1,138,683 $962,812 18.3% Operating Income $41,360 $33,827 22.3% $153,913 $99,875 54.1% Net Income $19,478 $14,850 31.2% $71,022 $35,616 99.4% EPS (fully diluted) $0.38 $0.31 22.6% $1.40 $0.78 79.5% Weighted Average Number of Common Shares Outstanding 51,672 50,073 51,337 49,284
Note (b) From continuing operations and before
unusual/non-recurring charges
Apria Healthcare Group Inc.
Consolidated Statements of Operations
Three Months Ended Year Ended
December 31, December 31,
(in thousands, except per share data)
1995 1994 %Change 1995 1994 %Change
Net Revenue $284,035 $259,647 9.4% $1,133,600 $962,812 17.7% Operating Income (loss) $28,324 $33,827 (16.3%) ($47,477) $99,875 N/A Net Income (loss) $17,399 $14,850 17.2% ($74,476) $39,031 N/A Per share (fully diluted) $0.34 $0.31 9.7% ($1.58) $0.85 N/A Weighted Average Number of Common Shares Outstanding 51,672 50,073 47,112 49,284 CONTACT: Apria Healthcare Susan SUSAN Smallest Univalue Segment Assimilating Nucleus SUSAN Sub Saharan African Network SUSAN Smart Ultrasonic System for Aircraft NDE J. Lewis Director of Public and Investor Relations Investor relations The process by which the corporation communicates with its investors. 714/427-2416 or Apria Healthcare Lawrence Lawrence. 1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing. 2 City (1990 pop. 65,608), seat of Douglas co., NE Kans. H. Smallen Chief Financial Officer 714/427-4935 |
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