Alliance Imaging Issues Revised Outlook for the First Quarter and Full Year 2003.Business Editors ANAHEIM, Calif.--(BUSINESS WIRE)--March 4, 2003 Alliance Imaging Inc. (NYSE NYSE See: New York Stock Exchange :AIQ AIQ Analytical Instrument Qualification AIQ Available in Quarters AIQ Action Internet Québec AIQ Allowance Item Quantity AIQ Analyst Interest Queue AIQ Algebraic Integer Quantization ), a leading national provider of outsourced diagnostic imaging services, announced a revised outlook for the first quarter and full year 2003. For the first quarter of 2003, Alliance had previously given guidance of revenue ranging from $105 million to $108 million and Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation, and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. , adjusted solely for non-cash stock-based compensation expense), ranging from $45 million to $46 million. The company is revising its first quarter 2003 outlook to revenue ranging from $102 million to $104 million and Adjusted EBITDA ranging from $41 million to $42 million. For the full year of 2003, Alliance had previously given guidance of revenue ranging from $440 million to $450 million and Adjusted EBITDA ranging from $187 million to $193 million. The company is revising its full year 2003 outlook to revenue ranging from $415 million to $425 million and Adjusted EBITDA ranging from $170 million to $176 million. Because of the lower revenue guidance, Alliance is also lowering its 2003 capital expenditure outlook from approximately $90 million to approximately $75 million. The company still expects to generate approximately $40 million in free cash flow, which it expects to be used to pay down debt. Alliance Imaging is a leading national provider of outsourced diagnostic imaging services. Alliance provides imaging and therapeutic services, primarily to hospitals and other healthcare providers on a mobile, shared-service basis. The company had 450 diagnostic imaging systems, including 353 MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. systems, and 1,304 clients in 43 states at Dec. 31, 2002. Investors and all others are invited to listen to a conference call discussing fourth quarter and full year 2002 results and first quarter and full year 2003 guidance. The conference call is scheduled for today, Tuesday, March 4, 2003 at 1 p.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed by visiting the company's Web site at www.allianceimaging.com. Click on Audio Presentations in the Investor Relations Investor relations The process by which the corporation communicates with its investors. section of the Web site to access the link. The conference call can also be accessed at 888/689-9529 (United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ) or 706/645-0319 (International). Interested parties should call at least 10 minutes prior to the conference call to register. A replay of the call can be accessed until Friday, April 4, 2003 by visiting the company's Web site or by calling 800/642-1687 (United States) or 706/645-9291 (International). The replay passcode is 8302671. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For a complete list of risks and uncertainties, refer to the Risk Factor section of the company's S-1 filed with the Securities and Exchange Commission on July 26, 2001. |
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