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Hologic Announces Third Quarter Fiscal 2009 Operating Results
Date:8/3/2009

s and Surgical product sales of $24.6 million as compared to the third quarter of fiscal 2008, including revenues of $10.3 million from Third Wave, which we acquired in July 2008; and (ii) an $8.2 million, or 18.1%, increase in service and other revenues primarily related to our increased installed base of Selenia full field digital mammography systems.

For the third quarter of fiscal 2009, Hologic reported net income of $41.0 million, or $0.16 per diluted share, compared with net income of $61.4 million, or $0.24 per diluted share, in the third quarter of fiscal 2008. Included in third quarter fiscal 2009 results were charges of $48.0 million attributable to the amortization of intangibles relating to the Cytyc merger and the Third Wave acquisition and, in addition, a full quarter of costs and expenses from Third Wave. Included in the third quarter of fiscal 2008 results were charges relating to the Cytyc merger of $25.1 million attributable to the amortization of intangibles and a restructuring charge of $6.4 million in connection with the resignation of the Company's Executive Chairman in May 2008. There were no expenses attributable to Third Wave in the third quarter of fiscal 2008.

The Company's non-GAAP adjusted net income for the third quarter of fiscal 2009 decreased 11.8% to $74.9 million compared to $84.9 million in the third quarter of fiscal 2008. The Company's fiscal 2009 third quarter non-GAAP adjusted net income primarily excludes $53.5 million of amortization of the intangible assets acquired since fiscal 2006 and $0.3 million attributable to the increase in cost of revenues relating to the write-up of Third Wave inventory to fair value. The Company's fiscal 2008 third quarter non-GAAP adjusted net income primarily excludes $30.6 million of amortization of the intangible assets acquired since fiscal 2006 and the restructuring charge of $6.4 million in connection with the resignation of the Company's Executive Cha
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SOURCE Hologic, Inc.
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