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Beckman Coulter Announces Third Quarter 2008 Results
Date:10/28/2008

istribution sites, mainly in the United States. In connection with

these closures and relocations, for the three and nine months ended

September 30, 2008, we recorded net charges related to severance and

other costs of $7.8 million and $13.2 million, respectively.

Additionally, the nine months ended September 30, 2008 includes a

net gain of $3.2 million related to the sale of buildings and land

in Hialeah, Florida. Total supply chain relocation charges for the

three and nine months ended September 30, 2007 was $3.0 million and

$12.7 million, respectively. Also, during the second quarter of

2007, the Company recorded related asset impairment charges of $0.8

million.

b) Environmental remediation -- In September 2008, we recorded a

$19.0 million environmental remediation charge which relates to our

Orange County facility consolidation and planned closure of our

Fullerton, California site. In connection with this consolidation,

we have begun conducting environmental studies at the Fullerton

facility and detected certain contaminants in the soil and

groundwater at the site. The $19.0 million represents our best

estimate of future expenditures for evaluation and remediation at

the site.

c) Royalty buy out -- During the third quarter of 2008, we incurred an

$11.7 million charge related to buying out our future US royalty

payments under a license from Nephromics, LLC ("Nephromics").This

fully paid up license relates to future US sales of a number of

markers including a preeclampsia panel covered by patents licensed

exclusively to Nephromics. The products under the licensing

agreements have not received regulatory clearance and are still in

the development s
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SOURCE Beckman Coulter, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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