Hanger, Inc. revised preliminary earnings guidance for fiscal year 2013. The company anticipates adjusted diluted earnings per share for fiscal year 2013 to be between $1.94 and $1.96, which is below the previous guidance range of $2.08 to $2.11 for adjusted earnings per diluted share provided by the company on October 29, 2013. On a reported basis, the company expects earnings per diluted share to be between $1.79 and $1.81. Adjusted earnings per diluted share excludes certain tax benefits, costs of the debt refinance, costs related to acquisitions and costs related to the implementation of the company's new clinic management system will add approximately $0.15 to earnings per diluted share. The lower than anticipated earnings in the fourth quarter of 2013 were principally the result of operational issues isolated to a small non-clinic unit within the Patient Care segment. The impact of the unit's operational issues was identified during the quarter end close process through the annual physical inventory valuation and analysis of changes in collection trends.

For the full year 2014, the company remains confident in core business and expect to deliver adjusted EPS growth of approximately 10%.