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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

ties and Exchange Commission. The foregoing list should not be construed as exhaustive. The forward-looking statements are based on estimates and assumptions made by management of the Company and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results and experience could differ materially from the forward-looking statements.

CONTACT:

Julie Fallon

Tel. (781) 356-9517

Alternate Tel.(617) 320-2401

fallon@haemonetics.com

HAEMONETICS CORPORATION FINANCIAL SUMMARY

(UNAUDITED DATA IN THOUSANDS, EXCEPT PER SHARE DATA)

CONSOLIDATED STATEMENTS OF INCOME

FOR THE THIRD QUARTER FYE08

% Inc/(Dec)

12/29/07 As 12/30/06 As vs Prior

Reported Reported Year

NET REVENUES $134,587 $113,527 18.6%

Gross profit 66,558 56,419 18.0

R&D 5,529 5,804 (4.7)

S,G&A 41,432 33,610 23.3

Operating expenses 46,961 39,414 19.1

Operating income 19,597 17,005 15.2

Interest income, net 1,070 1,583 (32.8)

Other income/(expense), net 225 816 (72.4)

Income before taxes 20,892 19,404 7.7

Tax expense 6,538 2,503 161.2

NET INCOME $14,354 $16,902 (15.1%)

Net income per common share

assuming dilution $0.54 $0.62 (12.1%)


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SOURCE Haemonetics Corporation
Copyright©2008 PR Newswire.
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