Apria's revenues drop $3.8 million

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Wednesday, May 31, 2006

LAKE FOREST, Calif. - Apria announced April 25 that revenues decreased to $368.1 million for the first quarter of 2006 compared to $371.9 million for the same quarter the previous year. Net income dropped to $16.1 million for the first quarter of 2006 compared to $19.5 million for the same quarter the previous year. Things may be looking up, however, at least compared to the fourth quarter of 2005. Revenues for the first quarter of 2006 were up 2.3% compared to revenues for the fourth quarter of 2005 ($359.7 million). Apria executed a number of expense savings initiatives in the first quarter of 2006 that it expects to accelerate savings in the second half of the year.

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