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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

> prior year

profit

Profit Margins: margin %

Gross profit 50.6% 49.9% 0.7%

R&D 4.2% 5.6% (1.4%)

S,G&A 31.7% 27.2% 4.5%

Operating income 14.6% 22.0% (7.4%)

Income before taxes 15.4% 24.3% (8.9%)

Net income 9.9% 16.9% (7.0%)

Consolidated Statements of Income for FYE08 YTD

% Inc/(Dec)

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

Reported Reported Year

NET REVENUES $516,440 $449,607 14.9%

Gross profit 257,725 227,300 13.4%

R&D 24,322 24,109 0.9%

S,G&A 163,116 137,073 19.0%

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

In-Process R&D 0 9,073 (100.0%)

Operating expenses 187,438 164,555 13.9%

Operating income 70,287 62,745 12.0%

Interest expense (377) (1,256) (70.0%)

Interest income, net 5,418 7,864 (31.1%)

Other income/(expense), net 1,974 2,983 (33.8%)

Income before taxes 77,302 72,336 6.9%

Tax expense
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SOURCE Haemonetics Corporation
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