Last $48.34 USD
Change Today +0.72 / 1.51%
Volume 43.0K
IPCM On Other Exchanges
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

ipc the hospitalist co (IPCM) Key Developments

IPC The Hospitalist Company, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year 2014

IPC The Hospitalist Company, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $172,268,000 compared to $145,753,000 a year ago. Income from operations was $17,576,000 compared to $20,032,000 a year ago. Income before income taxes was $17,195,000 compared to $19,936,000 a year ago. Net income was $10,609,000 or $0.61 per diluted share compared to $12,301,000 or $0.71 per diluted share a year ago. Adjusted EBITDA increased 14.5% to $18.2 million compared with adjusted EBITDA of $15.9 million for the same period in the prior year. The adjusted EBITDA margin decrease of 30 basis points compared with the same period in the prior year is primarily related to an increase in general and administrative expenses as a percentage of revenue. Adjusted net income increased 12.4% to $10.2 million compared with adjusted net income of $9.1 million for the same period in the prior year. Adjusted diluted earnings per share for the three months ended June 30, 2014 and 2013 was $0.58 and $0.53, respectively. For the six months period, the company reported net revenue of $344,994,000 compared to $298,844,000 a year ago. Income from operations was $34,540,000 compared to $37,171,000 a year ago. Income before income taxes was $33,846,000 compared to $36,962,000 a year ago. Net income was $20,883,000 or $1.19 per diluted share compared to $22,806,000 or $1.33 per diluted share a year ago. Net cash provided by operating activities was $26,114,000 compared to $20,531,000 a year ago. Purchase of property and equipment was $2,485,000 compared to $2,136,000 a year ago. The company reaffirmed its guidance for the full year 2014 and expects revenue to be in the range of $720 million to $732 million, an adjusted EBITDA range of $76 million to $79 million, and adjusted diluted earnings per share to be in the range of $2.41 to $2.51. The company has provided this outlook based on assumptions of a 38.3% effective tax rate, $6.0 million in depreciation and amortization expense.

IPC The Hospitalist Company, Inc. Presents at Avondale Partners Healthcare 1-1 Conference, Aug-11-2014

IPC The Hospitalist Company, Inc. Presents at Avondale Partners Healthcare 1-1 Conference, Aug-11-2014 . Venue: Boston Harbor Hotel, Boston, Massachusetts, United States. Speakers: Adam D. Singer, Co-Founder, Chairman, Chief Executive Officer and Member of Quality Committee, Jeff Taylor, president and chief operating officer.

IPC The Hospitalist Company, Inc. to Report Q2, 2014 Results on Jul 23, 2014

IPC The Hospitalist Company, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

IPC The Hospitalist Company, Inc., Q2 2014 Earnings Call, Jul 23, 2014

IPC The Hospitalist Company, Inc., Q2 2014 Earnings Call, Jul 23, 2014

IPC The Hospitalist Company, Inc. Appoints Jeffrey Winter as Senior Vice President of Sales and Marketing

IPC The Hospitalist Company, Inc. announced that it has appointed Jeffrey Winter to the newly created position of Senior Vice President of Sales and Marketing. Winter will lead the company's nationwide sales and marketing efforts. Winter most recently served as the Vice President of New Business Development for Correctional Medical Services, Inc. /Corizon Health.

 

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IPCM

Industry Average

Valuation IPCM Industry Range
Price/Earnings 21.4x
Price/Sales 1.3x
Price/Book 2.4x
Price/Cash Flow 18.7x
TEV/Sales 1.1x
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