Hanger Inc. announced net sales of $243.5 million for the third quarter of 2012, an increase of $8.2 million, or 3.5%, from the third quarter of 2011, according to a company press release.
The sales increase was a result of a $1.9 million, or 1%, increase in same-center sales in the patient-care segment; a $5.8 million increase from acquired entities; a $0.9 million, or 3.5%, increase in sales in the distribution segment and a $0.4 million decrease from the therapeutic solutions segment. Income from operations for the quarter was $35.4 million, compared with $31.2 million in 2011.
“Overall we are very pleased with the results. We came out of quarter three with a strong backlog and are optimistic about our prospects in the fourth quarter. Year to date, our comparative store sales grew 3.9%, which is in line with our guidance, we expanded operating margins and increased adjusted dilute earnings per share by 12%,” Vinit K. Asar, president and chief executive officer of Hanger, said in the release.
