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Haemonetics(R) Reports Strong Results for Third Quarter Fiscal 2008 with Continued Double Digit Growth in Sales
Date:1/31/2008

82,017

Long-term debt 6,202 6,675

Other long-term liabilities 5,248 4,395

Stockholders' equity 473,700 479,648

Total liabilities & equity $565,532 $572,735

THIRD QUARTER FYE08

CONSOLIDATED STATEMENTS OF INCOME ADJUSTED FOR CERTAIN

ITEMS

12/29/07

Restructuring

12/29/07 As Costs 12/29/07 As

Reported (3) Adjusted (4)

NET REVENUES $134,587 $0 $134,587

Gross profit 66,558 0 66,558

R&D 5,529 0 5,529

S,G&A 41,432 1,225 40,207

Operating expenses 46,961 1,225 45,736

Operating income 19,597 (1,225) 20,822

Interest income, net 1,070 0 1,070

Other income/(expense), net 225 0 225

Income before taxes 20,892 (1,225) 22,117

Tax expense 6,538 (386) 6,924

NET INCOME $14,354 ($839) $15,193

Net income per common share

assuming dilution $0.54 ($0.03) $0.57

Weighted average number of shares

Basic 25,500 25,500 25,500

Diluted 26,437 26,437 26,437

Profit Margins:

Gross profit
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SOURCE Haemonetics Corporation
Copyright©2008 PR Newswire.
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