Concentra Operating Corporation Reports Second Quarter Results.
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Concentra Operating Corporation Reports Second Quarter Results.
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ADDISON, Texas--(BUSINESS WIRE)--July 23, 2003 Concentra Operating Corporation ("Concentra") today announced results for the second quarter ended June 30, 2003. The Company reported consolidated Adjusted Earnings Before Interest Taxes Depreciation and Amortization ("Adjusted EBITDA") of $40,722,000 for the quarter as compared to $35,804,000 for the same period in the prior year. Concentra computes Adjusted EBITDA in the manner prescribed by its bond indentures. A reconciliation of Adjusted EBITDA to net income is provided within this press release. Revenue for the second quarter grew to $260,277,000 as compared to $254,159,000 for the second quarter of 2002. Operating income increased by 18.5% to $28,981,000 from $24,460,000 in the year-earlier period. Net income for th...See the full content of this document
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