RadNet, Inc. Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-21-2013 02:45 PM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Howard G. Berger, Chairman, Chief Executive Officer, President and Treasurer.

RadNet, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s net service fee revenue was $172.9 million compared with $162.0 million a year ago. Income from operations was $8.3 million compared with $11.3 million a year ago. Loss before income taxes and equity in earnings of joint ventures was $3.8 million compared with $1.2 million a year ago. Net loss attributable to the company common stockholders was $1.3 million or $0.03 per basic and diluted share compared with $0.11 million or $0.00 per basic and diluted share a year ago. Net cash provided by operating activities was $15.2 million compared with $15.4 million a year ago. Purchase of property and equipment was $12.93 million compared with $13.96 million a year ago. Purchase of imaging facilities was $3.6 million compared with $0.58 million a year ago. Adjusted EBITDA was $25.6 million compared with $29.1 million a year ago. The company reaffirmed earnings guidance for the fiscal year 2013. For the year, the company expects revenue in the range of $700 million - $730 million, adjusted EBITDA in the range of $120 million - $130 million, capital expenditures in the range of $35 million - $40 million, cash interest expense in the range of $42 million - $47 million, and free cash flow generation in the range of $35 million - $45 million.

RadNet, Inc., Q1 2013 Earnings Call, May 10, 2013