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Beckman Coulter's 4th Quarter and Full Year 2007 Revenue Grows 10.8% and 9.2%, Respectively; 2007 Earnings Per Share Beat Outlook
Date:2/8/2008

come was $114.2 million, or 14.5% of revenue, excluding expenses for supply chain restructuring and the write off of in-process R&D associated with the acquisition of NexGen Diagnostics LLC, a spin out of Lumigen, Inc.

The tax rate for the quarter was approximately 30.3%. Net earnings were $44.8 million, or $0.69 per fully diluted share. Excluding the in-process R&D write off and supply chain restructuring, adjusted net earnings were $69.6 million and adjusted earnings per fully diluted share were $1.08.

Fourth Quarter Business Developments

-- Declared, in October, a $0.16 per share quarterly cash dividend, the

last quarterly dividend for 2007 which represents the 16th

consecutive increase in annual dividend payout.

-- Re-purchased approximately 537,000 shares of Beckman Coulter stock

at an average price of $69.71 per share, completing the company's

2.5 million share repurchase authorization.

-- Signed agreements with Johns Hopkins University, a leader in cancer

genomics research, that provide Beckman Coulter exclusive options to

license cancer genomics intellectual property that may arise from

its studies of multiple types of cancer including breast, colon and

six other cancers.

-- Acquired the remaining 80.1% of NexGen Diagnostics LLC, affording

access to technologies with the potential to greatly simplify future

immunoassay and molecular diagnostics testing.

-- Acquired the flow cytometry business of Dako Denmark AS,

significantly broadening Beckman Coulter's flow cytometry product

line offering.

-- Renewed agreements valued at approximately $94 million per year with

MedAssets Supply Chain Systems, one of the nation's largest

healthcare group purchasing organizations, serving more than 125

health systems, includi
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SOURCE Beckman Coulter, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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