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Cambrex Reports Third Quarter 2008 Results
Date:11/4/2008

wances and Rebates 1,137 0.6% 1,001 0.5%

Net Sales 183,303 99.4% 181,819 99.5%

Other Revenues 1,792 1.0% 864 0.5%

Net Revenue 185,095 100.4% 182,683 100.0%

Cost of Sales 127,120 69.0% 115,829 63.4%

Gross Profit 57,975 31.4% 66,854 36.6%

Operating Expenses

Selling, General and

Administrative Expenses 31,511 17.0% 36,572 20.1%

Research and Development Expenses 5,945 3.2% 8,623 4.7%

Restructuring Expenses 1,469 0.8% 4,034 2.2%

Strategic Alternative Costs 1,408 0.8% 28,560 15.6%

Total Operating Expenses 40,333 21.8% 77,789 42.6%

Operating Profit/(Loss) 17,642 9.6% (10,935) -6.0%

Other Expenses/(Income):

Interest Expense/(Income), net 2,302 1.3% (1,341) -0.7%

Other Expenses, net 459 0.2% 930 0.5%

Income/(Loss) Before Income Taxes 14,881 8.1% (10,524) -5.8%

Provision for Income Taxes 6,002 3.3% 4,200 2.3%

Income/(Loss) from Continuing

Operations $8,879 4.8% $(14,724) -8.1%

Income from Discontinued

Operations, Net of Tax - 0.0% 223,707 122.4%

Net Income $8,879 4.8% $208,983 114.3%

Basic Earnings/(Loss) per Share

Income/(Loss) from Continuing

Operations $0.31 $(0.52)

Income from Discontinued

Operations, Net of Tax $- $7.83

Net Income $0.31
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SOURCE Cambrex Corporation
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