||Christine Rogers Saenz (investor relations)
||Francesca Marraro (media relations)
HMS HOLDINGS CORP. ANNOUNCES Q4 AND FULL YEAR 2010 RESULTS
Fourth Quarter Revenue Increases 31.4%, EPS Increases 30.3%
Full Year Revenue Increases 32.1%, EPS Increases 29.4%
NEW YORK, N.Y., February 18, 2011HMS Holdings Corp. (NASDAQ: HMSY) today announced financial
results for its fourth quarter and full year ended December 31, 2010.
Revenue for the fourth quarter of 2010 increased 31.4% to $87.2 million, compared with $66.3
million for the same period a year ago. Net income increased 32.5% to $12.4 million or $0.43 per
diluted common share for the fourth quarter of 2010, compared to net income of $9.3 million or
$0.33 per diluted common share during the fourth quarter of the prior year.
For the full year 2010, the Company reported revenue of $302.9 million, a 32.1% increase over 2009
revenue of $229.2 million. Also for the full year, the Company reported net income increased 33.4%
to $40.1 million or $1.41 per diluted common share, versus net income of $30.0 million or $1.09 per
diluted common share in the prior year. Earnings per diluted common share increased 30.3% and
29.4% for the fourth quarter and full year, respectively.
HMS continues on a trajectory of growth, with strong quarterly and full year results, said Bill
Lucia, CEO. We have a robust, growing core business, but weve also proven that we can add new
products and enter new markets via product development and acquisition to further diversify our
revenue and sustain our level of growth in both revenue and EPS.
Healthcare reform provides HMS with many opportunities to help public and private healthcare
payors to control costs, even in advance of 2014 when many of the regulations become effective,
Lucia added. The early adoption of new eligibility rules by states, the new procurements by
states for Medicaid Recovery Audit Contractors, and recent activity around the development of
healthcare exchanges all call out for HMSs expertise.
HMS will be hosting its fourth quarter and full year 2010 conference call and webcast with the
investment community on Friday, February 18, 2011 at 9:00 am Eastern Time. Individuals can access
the webcast at http://investor.hms.com or listen to the call
International participants can listen to the call at 1-913-312-1411.
The webcast will be archived on the website. Individuals can access the webcast at
http://investor.hms.com or listen to the replay at
participants can listen to the replay at
1-719-457-0820. The passcode is 7179192. The replay will
be available at 12 p.m. ET on February 18 through midnight on February 23, 2011.
The HMS Form 10-K for the year ended December 31, 2010 will be filed and available on our website
at http://investor.hms.com on or about March 1, 2011 and will contain additional
information about our results of operations for the fiscal year-to-date. This press release and the
interim financial statements herein will be available at http://investor.hms.com for at
least a 12-month period. Shareholders and interested investors are welcome to contact Investor
Relations at 212-857-5986.
HMS Holdings Corp. (NASDAQ: HMSY) is the nations leader in coordination of
benefits and program integrity services for payors of healthcare
services. HMSs clients include health and human services programs in more than 40 states;
commercial programs, including commercial plans, employers, and over 120 Medicaid managed
care plans; the Centers for Medicare & Medicaid Services (CMS); and Veterans
facilities. As a result of the Companys services, clients recover over $1 billion annually, and
save billions of dollars more in the prevention of erroneous payments.