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

performances by our Endoscopy, Urology/Gynecology and Neuromodulation businesses. We further reduced risk by settling additional litigation, pre-paying debt, amending our credit facility, and maintaining financial discipline and strong cash flow."

Net sales for the first quarter of 2009 were $2.010 billion, which included sales from divested businesses of $4 million, as compared to net sales of $2.046 billion for the first quarter of 2008, which included sales from divested businesses of $32 million. Excluding the impact of foreign currency and sales from divested businesses, net sales increased four percent over the prior year. 

    Worldwide sales of the Company's CRM products for the first quarter were
    as follows:

    (in millions)          U.S.           International         Worldwide
                   Q1 2009   Q1 2008   Q1 2009   Q1 2008   Q1 2009 Q1 2008
      ICD systems     $312      $274      $132      $137      $444    $411
      Pacemaker
       systems          84        82        61        72       145     154

    Total CRM
     products         $396      $356      $193      $209      $589    $565


    Worldwide sales of the Company's coronary stent systems for the first
    quarter were as follows:

    (in millions)         U.S.            International        Worldwide
                   Q1 2009   Q1 2008   Q1 2009   Q1 2008   Q1 2009 Q1 2008
      Drug-eluting    $246      $218      $199      $210      $445    $428
      Bare-metal        16        26        28        36        44      62

    Total coronary
     stent systems    $262      $244      $227      $246      $489    $490

Reported net loss for the first quarter of 2009 was $13 million, or $0.01 per share. Reported results included acquisition-, divestiture-, litigation-, and restructuring-related net charges; discrete tax items and amortization expense (after-tax) of $302 mil
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SOURCE Boston Scientific Corporation
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