Pioneer Behavioral Health reported a strong year over year increase in sales in the fourth quarter of fiscal 2010 as the company continues its recovery from the recession of 2009. The company also reported a profit compared to a loss in the same period a year earlier.
Pioneer Behavioral Health reported net sales of $14 million in the quarter ending 6/30/2010, compared to $11.7 million in the fourth quarter of fiscal 2009. The company attributed the large gain to increased occupancy at the Seven Hills Behavioral Institute, the Detroit Behavioral Institute and Harbor Oaks Hospital.
Pioneer Behavioral Health reported net income of $0.4 million, or $0.02 per diluted share, in the fourth quarter of fiscal 2010. The company reported a loss of $0.25 million, or ($0.01) per diluted share, in the corresponding quarter of 2009.
During the fourth quarter of fiscal 2010, the Board of Directors of Pioneer Behavioral Health reauthorized the company’s stock repurchase program for another year. The company has the authority to buy up to one million Class A shares beginning on 7/1/2010.
Pioneer Behavioral Health offers services in the behavioral health area on both an inpatient and outpatient basis in the United States. The company owns psychiatric and substance abuse facilities in Utah, Virginia, Michigan, Pennsylvania, and Nevada.
For more information on the company, go to www.phc-inc.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment