Hologic Announces Third Quarter Fiscal 2008 Operati...(ntinue to reflect the strong fundamental...),Health

Date:7/30/2008

ntinue to reflect the strong fundamentals of our business, including our competitive position in the marketplace, the momentum of our product offerings and our ability to execute. For the future, we expect to leverage our technological advantages, expand our product pipeline and take advantage of the opportunities for organic growth presented by our current business. We are looking forward to continued success in the final quarter of this fiscal year and into next year."

In connection with its transformational merger with Cytyc in early fiscal 2008, the Company added two significant new operating segments and combined a number of previous operating segments to better align the new resources of the combined company.

The Company now has four reporting segments: Breast Health (formerly Mammography/Breast Care), Diagnostics, GYN Surgical and Skeletal Health. The Diagnostics and GYN Surgical reporting segments were previously part of Cytyc. The AEG and MammoSite operations (the latter, formerly a part of Cytyc) are now included in Breast Health, and the osteoporosis assessment, mini C-arm and MRI products are included in Skeletal Health.

Third quarter financial overview by segment:

-- Breast Health revenues increased 32.0% to $219.5 million for the third quarter of fiscal 2008 from $166.3 million for the same period in fiscal 2007. This increase was primarily due to continued increasing sales of Selenia systems together with R2 CAD software and the inclusion of the recently acquired MammoSite product from Cytyc. Operating income for this business segment in the third quarter of fiscal 2008 increased to $56.4 million compared to operating income of $39.7 million in the third quarter of fiscal 2007. This increase in operating income in the current quarter was primarily due to the significant increase in revenues which resulted in higher gross margins than in the prior year. Operating income in the third quarters of fiscal 2008 and 2007 included
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SOURCE Hologic, Inc. Copyright©2008 PR Newswire. All rights reserved

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