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Cambrex Reports First Quarter 2009 Results
Date:5/5/2009

2008 (in thousands) 2009 2008 ------------- ------------- % of % of Amount Sales Amount Sales ------ ----- ------ ----- Gross Sales $60,000 100.0% $61,706 100.0% Allowances and Rebates 333 0.6% 391 0.6% --- --- Net Sales 59,667 99.4% 61,315 99.4% Other Revenues 1,365 2.3% (325) -0.6% ----- ---- Net Revenues 61,032 101.7% 60,990 98.8% Cost of Goods Sold 41,899 69.8% 39,061 63.3% ------ ------ Gross Profit 19,133 31.9% 21,929 35.5% Operating Expenses Selling, General and Administrative Expenses 9,048 15.1% 11,334 18.3% Research and Development Expenses 1,737 2.9% 2,256 3.7% Restructuring Expenses - 0.0% 634 1.0% Strategic Alternative Costs - 0.0% 177 0.3% ----- ----- Total Operating Expenses 10,785 18.0% 14,401 23.3% ------ ------ Operating Profit 8,348 13.9% 7,528 12.2% Other Expenses/(Income): Interest Expense, net 1,157 1.9% 706 1.1%
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SOURCE Cambrex Corporation
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