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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

esults exclude restructuring

costs in connection with changes to the Company's international

operations resulting in (pre-tax) charges of $1.2 million, or $0.03

per share. Q3FY07 adjusted financial results to which the Company is

comparing also exclude restructuring charges of $0.3 million (pre-

tax), or $0.01 per share and a favorable resolution of tax

contingencies resulting in a $3.6 million tax credit ($0.13 per share

impact).

(2) FY08 year-to-date adjusted financial results exclude restructuring

costs resulting in (pre-tax) charges of $4.0 million, or $0.10 per

share. FY07 year-to-date financial results to which the Company is

comparing exclude restructuring charges of $2.9 million (pre-tax), or

$0.07 per share, an in-process R&D charge related to the acquisition

of Arryx of $9 million (pre-tax), or $0.33 per share, and the

favorable resolution of the tax contingencies resulting in a $3.6

million tax credit ($0.13 per share impact).

(3) Restructuring costs primarily include severance and related costs

associated with eliminating or reorganizing certain positions in our

international business operations.

(4) "As Adjusted" for FY 08 is comprised of "As Reported" less the

"Restructuring Costs".

(5) Income tax expense was reduced during the quarter due to the

finalization of an audit of prior year income tax returns.

(6) IPRD impact of Arryx acquisition.

(7) "As Adjusted" for FY 07 is comprised of "As Reported" less the

"Restructuring Costs," "In-process R&D," and the "Resolution of the

Tax Contingency".


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SOURCE Haemonetics Corporation
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