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Beckman Coulter Announces First Quarter 2009 Results
Date:4/28/2009

first quarter 2009. b) Forward contract loss/(gain) - acquisition - Consideration for the Olympus acquisition is to be paid in Japanese Yen. Therefore, to mitigate any unfavorable fluctuation in the movement of the Yen in relation to the U.S. dollar, we entered into forward contracts to purchase Japanese Yen at the spot rate to effectively fix the U.S. dollar cost of the closing payment to approximately $780 million. These business acquisition related forward contracts cannot be designated as hedged instruments under accounting rules. Gains or losses on derivative contracts not designated as a hedged instrument are recognized in earnings. As a result, we recognized a loss of approximately $11.8 million during the first quarter of 2009, which is reflected within non-operating expense in our consolidated statement of earnings. c) Fair market value inventory adjustment - During the first quarter of 2008, in connection with our acquisition of the flow cytometry business of Dako A/S, we recorded a $1.0 million charge related to the fair value of acquired inventory sold in the first quarter.
    Contact:  Cynthia Skoglund                (714) 773-7620
              Manager, Investor Relations

                          BECKMAN COULTER, INC.
             CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
        (in millions, except amounts per share and share data)
                               (unaudited)

                                                            Quarter Ended
                                                               March 31,
                                                           ----------------
                                                           2009        2008
               
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SOURCE Beckman Coulter, Inc.
Copyright©2009 PR Newswire.
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5. Beckman Coulter Declares Quarterly Dividend Payout of $0.17 Per Share
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