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Boston Scientific Announces Results For First Quarter Ended March 31, 2009
Date:4/20/2009

NATICK, Mass., April 20 /PRNewswire-FirstCall/ -- Boston Scientific Corporation (NYSE: BSX) today announced financial results for the first quarter ended March 31, 2009, as well as guidance for net sales and earnings per share (EPS) for the second quarter and full year of 2009.

First Quarter Highlights (Sales growth rates are constant currency):

  • Achieved sales of $2.010 billion and adjusted EPS of $0.19, both in line with guidance (GAAP loss per share of $0.01)
  • Increased worldwide sales of cardiac rhythm management (CRM) products nine percent, including a 13 percent increase in implantable cardioverter defibrillator (ICD) sales
  • Increased U.S. CRM sales 11 percent, including a 14 percent increase in ICD sales, the fourth consecutive quarter of double-digit U.S. CRM growth
  • Expanded worldwide drug-eluting stent (DES) leadership to 44 percent market share; increased U.S. market share to 50 percent: 27 percent TAXUS(R), 23 percent PROMUS(R)
  • Successfully launched the next-generation TAXUS(R) Liberte(R) Paclitaxel-Eluting Coronary Stent System in Japan, achieved 54 percent market share
  • Increased worldwide Endoscopy sales six percent, Urology/Gynecology seven percent and Neuromodulation nine percent
  • Received rating outlook upgrades from Moody's and Standard and Poor's

"We're off to a good start on the year with four percent sales growth, excluding divestitures, on a constant currency basis and adjusted EPS at the high end of our guidance range," said Jim Tobin, President and Chief Executive Officer of Boston Scientific. "Our CRM and DES results were particularly impressive, with double-digit U.S. growth in both businesses. We also saw continued solid
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SOURCE Boston Scientific Corporation
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