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Hanger Orthopedic Group Inc. Q1 2010 Earnings Call Transcript

Hanger Orthopedic Group Inc. (HGR)

Q1 2010 Earnings Call

April 27, 2010; 09:00am ET

Executives

Tom Kirk - President and Chief Executive Officer

George McHenry - Executive Vice President, Chief Financial Officer & Secretary

Tom Hofmeister - Chief Accounting Officer & Director of Investor Relations

Analysts

David Macdonald - Suntrust Robinson Humphrey

Bryan Sekino - Barclays Capital

Fred Buonocore - CJS Securities

Dawn Brock - Kaufman Bros.

Daniel Owczarski - Avondale Partners

Michael Petusky - Noble Research

Presentation

Operator

Good morning. My name is Christopher and I will be your conference operator today. At this time I would like to welcome everyone to the Hanger Orthopedic Group, first quarter results conference call. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. (Operator Instructions)

I’d now like to turn the call over to Tom Kirk, President and CEO of Hanger Orthopedic. You may begin your conference.

Tom Kirk

Good morning, and welcome to Hanger Orthopedic Group’s discussion of our first quarter results. Before starting the discussion, let me ask Tom Hofmeister, our Chief Accounting Officer and Director of Investor Relations, to review with you our declaration on forward-looking statements.

Tom Hofmeister

Thank you Tom. During this call management will make forward-looking statements relating to the company’s results of operations. The United States Private Securities Litigation Reform Act of 1995 provides a Safe Harbor for certain forward-looking statements.

Statements relating to future results of operations reflect the views of management. However, various risks, uncertainties and contingencies could cause actual results or performance to differ materially from those expressed in or implied by these statements, including the company's ability to enter into and derive benefits from managed care contracts, the demands for the company's orthotic and prosthetic services and products, and the other factors identified in the company's periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934.

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