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Article: Beverly Enterprises Net Income from Continuing Operations Up 30% for the Fourth Quarter and 54% for the Year; Full-year EBITDA Totals $191 Million.
- Article from:
- Business Wire
- Article date:
- March 15, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT SMITH, Ark. -- Beverly Enterprises, Inc. (NYSE: BEV) today announced that net income from continuing operations totaled $14.9 million (13 cents per share diluted) in the fourth quarter of 2004, up 30 percent from $11.4 million (10 cents per share diluted) in the same period in 2003.
Revenue for the fourth quarter of 2004 totaled $516.6 million, up 10 percent from the comparable period in 2003. (Revenues for both periods have been adjusted to exclude discontinued operations.)
For the full year, 2004 net income from continuing operations totaled $42.7 million (37 cents per share diluted), up 54 percent from $27.7 million (26 cents per share diluted) ...