By Business Wirevia The Motley Fool
Filed under: Investing
Universal Hospital Services, Inc. Announces 2012 Full Year Results
MINNEAPOLIS–(BUSINESS WIRE)– Universal Hospital Services, Inc. (“UHS“), a leading provider of medical equipment management and service solutions, today announced financial results for the twelve months ended December 31, 2012.
Total revenues for the twelve months ended December 31, 2012 totaled $415.3 million, representing a $60.1 million or 16.9% increase from $355.2 million for the same comparable period of 2011.
Net loss for the twelve months ended December 31, 2012 was $35.2 million versus a net loss of $22.4 million for the same period of 2011.
Adjusted EBITDA for the twelve months ended December 31, 2012 was $140.8 million, representing a $7.4 million, or 5.5% increase from $133.4 million for the same period of 2011.
Conference Call Dial-in Information
UHS will hold its conference call to discuss 2012 full year results on Monday, March 18, 2013 at 4:00 p.m. Eastern Time (3:00 p.m. Central Time).
To participate, call (855) 539-7565 and advise the operator you would like to participate in the UHS 2012 Earnings Call with Gary Blackford. A recording of this call will be available from 6:00 p.m. Eastern Time on March 18, 2013 through midnight Eastern Time on April 18, 2013 by calling (855) 859-2056; enter conference ID 23405351.
UHS will also use a slide presentation to facilitate the conference call discussion. A copy of the presentation may be obtained via the company’s website at www.uhs.com in the “Who We Are” section. From this section, select “Financials” then “Presentations.”
Adjusted EBITDA Reconciliation
Adjusted EBITDA is defined by UHS as Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA“) before management and board fees, stock option expense, ASC 805 impact, loss on extinguishment of debt and transaction and related costs, which may not be calculated consistently among other companies applying similar reporting measures. EBITDA and Adjusted EBITDA are not intended to represent an alternative to operating income or cash flows from operating, financing or investing activities (as determined in accordance with generally accepted accounting principles (“GAAP“)) as a measure of performance, and are not representative of funds available for discretionary use due to UHS‘ financing obligations. EBITDA is included because it is a widely accepted financial indicator used by certain investors and financial analysts to …read more
Source: FULL ARTICLE at DailyFinance
