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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

at http://www.haemonetics.com/investors.

Haemonetics Corporation Financial Summary

(Unaudited data in thousands, except per share data)

Consolidated Statements of Income for the Fourth Quarter FYE08

% Inc/(Dec)

3/29/08 As 3/31/07 As vs Prior

Reported Reported Year

NET REVENUES $138,739 $116,919 18.7%

Gross profit 70,141 58,346 20.2%

R&D 5,790 6,540 (11.5%)

S,G&A 44,042 31,815 38.4%

Arbitration and Settlement Income 0 (5,700) (100.0%)

In-Process R&D

Cost to Equity

Operating expenses 49,832 32,655 52.6%

Operating income 20,309 25,691 (20.9%)

Interest expense (24) (68) (64.7%)

Interest income 1,028 1,962 (47.6%)

Other income/(expense), net 69 830 (91.7%)

Income before taxes 21,382 28,415 (24.8%)

Tax expense 7,589 8,631 (12.1%)

NET INCOME $13,793 $19,784 (30.3%)

Net income per common share

assuming dilution $0.52 $0.72 (28.5%)

Weighted average number of shares

Basic 25,653 26,469

Diluted 26,602 27,313

Inc/(Dec) vs

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SOURCE Haemonetics Corporation
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