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WuXi PharmaTech Announces Third Quarter 2008 Results
Date:11/12/2008

79% 48,456 27,109 79%

Non-GAAP

operating margin 24% 26% 25% 28%

GAAP net income 7,267 8,647 (16%) 29,648 21,772 36%

GAAP net margin 11% 25% 15% 22%

Adjustments

Share-based

compensation 3,128 1,475 9,526 6,261

Amortization

of acquired

intangible assets 3,950 -- 10,532 --

Deferred tax

impact related

to acquired

intangible assets (1,548) -- (4,129) --

Non-GAAP net income 12,797 10,122 26% 45,577 28,033 63%

Non-GAAP net margin 19% 30% 23% 29%

GAAP net income 7,267 8,647 29,648 21,772

Add back:

Depreciation

and amortization 8,797 2,724 23,594 6,223

Interest income

(expenses), net (148) (1,334) (644) (589)

Income taxes 826 178 (1,147) 507

EBITDA 16,742 10,215 64% 51,451 27,913 84%

Adjustments

Share-based

compensation 3,128 1,475 9,526 6,261

Adjusted EBITDA 19,870 11,690 70% 60,977 34,174 78%

Income

attributable

to holders of

ADS (Non- GAAP):

Basic 12,797 8,039 45,577 16,690

Diluted 12,797 8,069 45,577 16,690

Basic earnings

per ADS (Non-GAAP) 0.20 0.18 0.72 0.54

Diluted

earnings per

ADS (Non-GAAP) 0.18 0.15 0.63 0.44

Weighted

average ADS

outstanding -

basic 64,531,068 44,774,893 63,010,497 30,860
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SOURCE WuXi PharmaTech (Cayman) Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

1. WuXi PharmaTech Signs New Collaboration Agreement With Pfizer
2. WuXi PharmaTech Schedules Third Quarter 2008 Earnings Release on Wednesday, November 12, 2008
3. WuXi PharmaTech Announces Preliminary Third Quarter 2008 Results and Updates 2008 Guidance
4. WuXi PharmaTech Appoints Jeff Leng to Its Board of Directors
5. Matthew B. Wiener, CEO of Pharmatech, Inc., Is Awarded the Cancer Leadership Award From the Colorado Cancer Coalition
6. WuXi PharmaTech (NYSE:WX) Maintains Original Strategy to Provide Toxicology Services in China
7. WuXi PharmaTech Promotes Dr. Rujian Ma to VP of Synthetic Chemistry
8. Warburg Pincus Acquires 5.4% of WuXi PharmaTechs Outstanding Ordinary Shares from United Overseas Bank
9. WuXi PharmaTech (NYSE: WX) Wins the 2008 Frost & Sullivan Award for Best in Class Outsourced R&D in Pharmaceuticals and Biotechnology
10. WuXi PharmaTech (NYSE: WX) Appoints Dr. Debra Yu as VP of Strategy
11. WuXi PharmaTech (NYSE: WX) Named the Most Innovative Company in China and CEO Dr. Li the Most Innovative Leader of Chinese Enterprises
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