HP&S, LLC, an owner of an AmeriPlan® IBO business, has closed the books for 2008. Gross margins actually finished at a very impressive 64% driven by drastically reduced costs. Earnings per share came in at $2.21 per share, a record, and a 35% increase over last year on sales that were actually down 18%.
“Our sales were down driven mostly by a decrease in our eCommerce business as we strategically existed less profitable businesses,” said HPS CEO. “Our cost cutting and investments made last year really paid off as we had planned.” HP&S has decided to keep the dividend of $1.00 per share flat for 2009 but did forcast $3.68 per share earnings for 2009, which would be a 67% increase! “We are confident in our numbers because there are more efficiencies to be rung out of our business and we will also be seeing advantages of the restructuring of our business entity.”
