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Chem Rx Corporation Reports Full Year 2007 Financial Results



(Unaudited) (Unaudited)

Chem Rx Chem Rx

Corporation B.J.K. Inc. Corporation


Period Ended Period Ended Non-GAAP Pro Forma

December 31, October 26, Other December 31,

2007 2007 Adjustments 2007

NET SALES $60,532 $256,669 $-- $317,201

COST OF SALES 43,840 192,454 (32)(a) 236,262

GROSS PROFIT 16,692 64,215 32 80,939


Selling, general and

administrative expenses 13,824 58,716 (4,749)(a)(b) 67,791

INCOME FROM OPERATIONS 2,868 5,499 4,781 13,148


Interest income 1,597 20 (1,592)(c) 25

Interest expense (2,530) (2,169) (10,260)(d) (14,959)

Other income, net 117 575 -- 692

TOTAL OTHER EXPENSES (816) (1,574) (11,852) (14,242)




FOR INCOME TAXES 2,052 3,925 (7,071) (1,094)

MINORITY INTEREST - (847) 847(e) -



FOR INCOME TAXES 2,052 3,078 (6,224) (1,094)


INCOME TAXES 274 (300) 464(f) 438

NET INCOME (LOSS) $2,326 $2,778 $(5,760)

SOURCE Chem Rx Corporation
Copyright©2008 PR Newswire.
All rights reserved

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