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Edwards Lifesciences Reports Strong Fourth Quarter Sales
Date:2/5/2008

Edwards, and Edwards SAPIEN are trademarks of Edwards Lifesciences Corporation. Edwards Lifesciences, Carpentier-Edwards, Cosgrove-Edwards, FloTrac, Fogarty, Magna, PERIMOUNT Magna, and Swan-Ganz are trademarks of Edwards Lifesciences Corporation and are registered in the United States Patent and Trademark Office.

EDWARDS LIFESCIENCES CORPORATION

Unaudited Consolidated Statements of Operations

Three Months

Ended Year Ended

December 31, December 31,

(in millions, except per share data) 2007 2006 2007 2006

Net sales $293.0 $265.6 $1,091.1 $1,037.0

Cost of goods sold 99.6 97.4 378.2 373.6

Gross profit 193.4 168.2 712.9 663.4

Selling, general and administrative

expenses 114.5 95.1 418.0 376.0

Research and development expenses 33.5 30.0 122.3 114.2

Special charges (gains), net 25.8 18.0 23.3 (4.5)

Interest expense, net 0.4 0.4 1.4 2.7

Other (income) expenses, net (0.4) 1.0 (1.9) 2.7

Income before provision for income

taxes 19.6 23.7 149.8 172.3

Provision for income taxes 3.8 3.0 36.8 41.8

Net income $15.8 $20.7 $113.0 $130.5

Earnings per share:

Basic earnings per share $0.28 $0.36 $1.97 $2.23

Diluted earnings per share $0.27 $0.34 $1.87 $2.10

Weighted average common shares

outstanding:

Basic 56.7 57.7 57.3
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SOURCE Edwards Lifesciences Corporation
Copyright©2008 PR Newswire.
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