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Haemonetics Reports Strong Results for Fourth Quarter and Fiscal Year End 2008 and Issues Guidance for Continued Strong Growth in Fiscal 2009
Date:5/1/2008

(9,073)

Baxter PI Settlement 5,700

Non-GAAP Operating Expenses $181,131 $157,664

Non-GAAP Operating income

GAAP Operating Income $70,287 $62,745

Restructuring Costs 6,307 3,518

In-Process Research and Development 9,073

Baxter PI Settlement (5,700)

Non-GAAP Operating income $76,594 $69,636

Non-GAAP Income before taxes

GAAP Income before taxes $77,302 $72,336

Restructuring Costs 6,307 3,518

In-Process Research and Development 9,073

Baxter PI Settlement (5,700)

Non-GAAP Income before taxes $83,609 $79,227

Non-GAAP Net Income

GAAP Net Income $51,980 $49,109

Restructuring Costs 6,307 3,518

In-Process Research and Development 9,073

Baxter PI Settlement (5,700)

Tax benefit associated with Restructuring Costs (2,067) (1,180)

Tax benefit associated with Baxter PI Settlement 1,721

Resolution of Tax Contingencies (3,967)

Non-GAAP NET INCOME $56,220 $52,574

Non-GAAP Net Income per common

share assuming dilution

GAAP Net Income per common share assuming

dilution $1.94 $1.78

Restructuring Costs after tax per common share


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SOURCE Haemonetics Corporation
Copyright©2008 PR Newswire.
All rights reserved

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