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Beckman Coulter Announces Third Quarter 2007 Results
Date:10/30/2007

items including a tax settlement, reductions of certain foreign tax rates and additional R&D tax credits.

Net earnings were $60 million or $0.93 per fully diluted share. Adjusted net earnings were $49.5 million, or $0.77 per fully diluted share.

Recent Business Developments

-- Declared, in July, a $0.16 per share quarterly cash dividend, a $0.01

or 6.7% increase. This is the company's 73rd consecutive quarterly

dividend.

-- Re-purchased approximately 279,000 shares of Beckman Coulter stock at

an average price of $69.55 per share.

-- Signed a new agreement with Premier, Inc., the largest healthcare

alliance in the United States, for Beckman Coulter's offering of flow

cytometry instruments along with its core laboratory systems and

supplies.

-- Signed agreements with Amerinet, Inc., one of the nation's largest

healthcare group purchasing organizations, to provide a full range of

core laboratory systems and supplies.

-- Signed agreements with Johns Hopkins University, a leader in cancer

genomics research, that provide Beckman Coulter exclusive options to

license cancer genomics intellectual property that may arise from its

studies of multiple types of cancer including breast, colon and six

other cancers.

First Nine Months Summary

Through the first nine months of 2007, revenue increased 8.6%, or 6.8% in constant currency, over the prior year period. The acquisition of Lumigen contributed about 1% to this growth. Year-to-date 2007 consumables growth was 10.5%, or 8.8% in constant currency. The Lumigen contribution to consumables growth was 1.6%. Gross margin was 46.9% compared to 47.6% (adjusted) for the first nine months of 2006. Operating income increased by 22% and pretax profit increased by 74%; adjusting for special items, operating income increased by 10.1% and pretax profit increased by 12.9%. Adjusted
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SOURCE Beckman Coulter, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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