Lincare Holdings Inc. , a leading provider of oxygen and other respiratory therapy services delivered to patients in the home, today announced financial results for the three and six months ended June 30, 2007.
For the quarter ended June 30, 2007, revenues were $397.1 million, a 13.4% increase over revenues of $350.1 million for the second quarter of 2006. The Company estimates that the increase in net revenues was comprised of approximately 10.4% internal growth and 4.5% growth from acquisitions, partially offset by Medicare price changes taking effect in 2007. Net income for the quarter ended June 30, 2007, was $56.0 million compared to net income of $51.9 million for the second quarter of 2006. Diluted earnings per share were $0.63 for the quarter ended June 30, 2007, compared with $0.52 diluted earnings per share for the comparable prior year period.
