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Herley Reports 4th Quarter and Year-End Results
Date:10/11/2007

HERLEY INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

July 29, July 30,

2007 2006

-------- ---------

ASSETS

Current Assets:

Cash and cash equivalents $35,181 $22,303

Trade accounts receivable, net 28,058 30,600

Income Taxes Receivable 819 -

Costs incurred and income recognized

in excess of billings on uncompleted

contracts and claims 14,448 13,926

Other receivables 2,816 769

Inventories, net 51,815 52,909

Deferred income taxes 4,254 3,745

Other current assets 1,069 1,187

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Total Current Assets 138,460 125,439

Property, Plant and Equipment, net 29,996 30,478

Goodwill 74,044 73,612

Intangibles, net of accumulated amortization

of $5,256 in 2007 and $3,468 in 2006 18,431 19,989

Other Assets 1,662 1,932

-------- ---------

Total Assets $262,593 $251,450

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LIABILITIES AND SHAREHOLDERS' EQUITY

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SOURCE Herley Industries, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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