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Hologic Announces First Quarter Fiscal 2009 Operating Results
Date:2/2/2009

Strong First Quarter EPS and Adjusted EPS Despite a Challenging Economic Environment

BEDFORD, Mass., Feb. 2 /PRNewswire-FirstCall/ -- Hologic, Inc. (Hologic or the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier of premium diagnostics, medical imaging systems and surgical products dedicated to serving the healthcare needs of women, today announced its results for the quarter ended December 27, 2008.

Highlights of the quarter include:

  • Revenues of $429.2 million.
  • First quarter 2009 net income was $48.0 million or $0.19 per diluted share, calculated in accordance with U.S. generally accepted accounting principles (GAAP).
  • First quarter 2009 non-GAAP adjusted net income was $80.2 million, or $0.31 per diluted share, and adjusted EBITDA (non-GAAP adjusted earnings before interest, taxes, depreciation and amortization) was $157.4 million. A reconciliation of GAAP to non-GAAP results is included as an attachment to this press release.
  • Term loan reduced from an initial balance of $540 million at July 24, 2008, to fund the Third Wave acquisition, to $436 million as of December 27, 2008 and further reduced to $377 million as of today.

First quarter fiscal 2009 revenues totaled $429.2 million, a 16% increase when compared to revenues of $371.4 million in the first quarter of fiscal 2008. The increase was primarily attributable to the inclusion of 13 weeks of revenues from the diagnostics, surgical and MammoSite product lines acquired in the merger with Cytyc Corporation on October 22, 2007, as compared to 10 weeks in the first quarter of fiscal 2008. Also contributing to the increase in revenues is a $12.5 million, or 34%, increase in service and other revenues primarily related t
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SOURCE Hologic, Inc.
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