Health Products & Services, LLC announces 2006 Full Year Earnings
HP&S has announced earnings grew of $2.40 per share which represents a 50% growth in profits. Sales grew by 40%. These were just above the forecast for the year. These results also included a one time write-off of $0.17 per share in capital expenditures that were deemed worthless.
The dividend was increased to $1.00 per share. Forecast for 2007 is that sales will slow to a 21% growth rate, and earnings will drop to a 12% growth rate, partly due to an increase in capital and investment costs for new business development.
The Ameriplan® IBO was the biggest driver in earnings and growth. HP&S owns an Ameriplan® business. “2006 was our best year yet, and this makes it 2 years in a row that our forecast results matched with reality extremely accurately. I think we understand our business and what it takes to get the results we are looking for. 2007 will be a challenge to keep growing. We need to focus on Ameriplan® sales conversion rates at our online sites, and grow our eCommerce business as well,” said HP&S CEO.
