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American Pacific Reports Fiscal 2008 Results; Net Income Increases 80%
Date:12/11/2008

applications such as HIV, epilepsy and cancer. We also produce specialty chemicals utilized in various applications such as fire extinguishing systems, as well as manufacture water treatment equipment. Our products are designed to meet customer specifications and often must meet certain governmental and regulatory approvals. Additional information about us can be obtained by visiting our web site at http://www.apfc.com.



    AMERICAN PACIFIC CORPORATION
    Consolidated Statements of Operations
    (Unaudited, Dollars in Thousands, Except per Share Amounts)

                                     Three Months Ended        Year Ended
                                        September 30,         September 30,
                                       2008       2007       2008       2007

    Revenues                         $71,152    $61,728   $203,129   $183,928
    Cost of Revenues                  50,200     40,514    135,388    120,230
      Gross Profit                    20,952     21,214     67,741     63,698
    Operating Expenses                11,041     11,577     42,865     39,841
      Operating Income                 9,911      9,637     24,876     23,857
    Interest and Other Income, Net       145        279      1,366        644
    Interest Expense                   2,730      2,827     10,803     11,996
    Debt Repayment Charges                 -        202          -      2,916
      Income before Income Tax         7,326      6,887     15,439      9,589
    Income Tax Expense                 2,999      3,266      6,488      4,605
      Net Income                      $4,327     $3,621     $8,951     $4,984


    Earnings per Share:
      Basic                            $0.58      $0.49      $1.20      $0.68
      Diluted                          $0.57      $0.48      $1.18      $0.67

    Weighted Average Shares
     Outstanding:
      Basic          
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SOURCE American Pacific Corporation
Copyright©2008 PR Newswire.
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