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Martek Announces Second Quarter 2008 Financial Results
Date:6/4/2008

tions 14,357 8,077 27,659 12,835

Interest income (expense)

and other, net 309 (433) 526 (874)

Income before income tax

provision 14,666 7,644 28,185 11,961

Income tax provision 5,464 2,775 10,314 4,342

Net income $9,202 $4,869 $17,871 $7,619

Basic earnings per share $0.28 $0.15 $0.54 $0.24

Diluted earnings per share $0.28 $0.15 $0.54 $0.23

Shares used in computing

basic earnings per share 32,916 32,239 32,830 32,209

Shares used in computing

diluted earnings per share 33,231 32,442 33,151 32,430

Unaudited Condensed Consolidated Balance Sheets Data

April 30, October 31,

2008 2007

Assets:

Cash and cash equivalents $44,656 $16,973

Short-term investments - 4,675

Accounts receivable, net 44,593 41,643

Inventories, net 112,521 109,409

Other current assets 5,221 8,237

Property, plant and equipment, net 270,530 277,915

Deferred tax asset 43,395 51,306

Long-term auction rate security investments 14,701 -

Goodwill and other, net 84,798 86,537

Total assets $620,415 $596,695

Liabilities and stockholders' equity:

Current liabilities $43,219 $46,141

Non-current liabil
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SOURCE Martek Biosciences Corporation
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