Continental Home Healthcare Announces Record Year-End Results; Revenues Up 26%, EBITDA Increased 98%.Business Editors/Health & Medical Writers GLENDALE, Calif.--(BUSINESS WIRE)--May 22, 2001 Continental Home Healthcare announced today its financial results for the fourth quarter and year ended December 31, 2000.
Fourth Quarter Highlights: (three months ended Dec. 31, 2000
compared with three months ended Dec. 31, 1999)
- Revenues up 36%
- EBITDA increased 50%
Q4 2000 Q4 1999
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Sales $7,104,891 $5,214,134
EBITDA(a) $991,770 $662,271
Net Income $203,085 $294,600
EPS - basic $0.02 $0.03
- fully diluted $0.02 $0.03
Year-End Highlights: (twelve months ended Dec. 31, 2000 compared
with twelve months ended Dec. 31, 1999)
- Revenues up 26%
- EBITDA increased 98%
2000 1999
---- ----
Sales $24,431,244 $19,360,622
EBITDA $2,865,770 $1,446,271
Net Income $684,645 $467,966
EPS - basic $0.06 $0.04
- fully diluted $0.06 $0.04
--------
(a) Earnings before interest, taxes, depreciation, amortization
The Company achieved significant growth in fiscal 2000 - twice the industry average of 12-14%. Total revenues were up 26% reflecting growth from further development of previous acquisitions, a large preferred provider contract obtained during the second quarter and the acquisition of Mobility Plus in the third quarter of 2000. Sales ramped up more rapidly than anticipated at the Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. branch resulting from the combined effect of the acquisition and exposure to a very large patient base through the preferred provider contract. Revenue growth was 50%, 27% and 21% for the Las Vegas, Indian Wells Indian Wells may refer to:
In addition to strong revenue growth, Continental realized a higher gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. of 58.3%, up from the 56.7% in fiscal 1999. 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 demonstrated outstanding performance for both the quarter and the year. Total EBITDA increased by $1,419,499, or 98% to $2,865,770 for the year and 50% quarter over quarter. Net income for 2000 also showed outstanding improvement, with a 46% increase over the previous year. These financial measures increased as a result of management's focus on expanding the rental business as well as the respiratory products segment, two areas that realize higher profit margins. The significant economies of scale and reduction in administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. achieved after the integration of each acquisition has also contributed to improved profitability. Robert Thornton For the politician, see . For the physicist, see . Robert "Choc" Thornton (born July 14, 1978 [1]) is an English National Hunt jockey currently employed as stable jockey to Alan King. , President and C.E.O., said that the Company's sustained strong earnings performance is a positive endorsement to the Company's business model and philosophy, which focus on growth through acquisition and internally by gaining market share through delivery of exceptional customer service and equipment quality. Continental has established a solid platform for continued growth, which combined with a highly skilled and service oriented team of employees, has positioned the Company to tap into a growing market fuelled by a strong demographic trend, he added. Management continues to evaluate acquisition opportunities in the fragmented industry to fuel its continued growth and enhance shareholder value. The outlook for 2001 is positive. Continental Home Healthcare Ltd. acquires, consolidates, and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters List of scooter models per manufacturer Aprilia
It has the highest proportion of millionaires of any city in the United States. ; Las Vegas, Nevada; Penticton and Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ". Updates can be found at www.continentalhomehealth.com |
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