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Immucor Announces Fiscal Second Quarter Results; Raises Fiscal 2009 EPS Guidance

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    Summary of Instrument Orders

                                     Q2 2009 Orders            Cumulative
    Instrument               N.A.(1)       ROW(2)     Total     Orders(3)
    Echo                       31            21        52          430
    Galileo                     1            15        16          602

    (1) N.A. - North America (the U.S. and Canada)
    (2) ROW - all parts of the world other than North America.

(3) Cumulative Orders - total orders received since the launch of the instrument.

"On a year-to-date basis, we have received 176 Echo orders, which demonstrates the tremendous market acceptance of our instrument," stated Dr. De Chirico. "Of the cumulative 430 Echo orders, approximately 193 were generating reagent revenue, which is an increase of 64 instruments in the quarter."

Raising 2009 EPS Guidance

The Company continues to expect revenue for the fiscal year ending May 31, 2009, to range from $292 million to $300 million, unchanged from the Company's previous estimate. Gross margin is now expected to be in the range of 71.0% to 73.0%, compared with the Company's previous guidance of 70.0% to 71.0%. Fully diluted earnings per share are now expected to be in the range of $0.97 to $1.02 for the fiscal year, compared with the Company's previous estimate of $0.94 to $0.98.

"In summary, our business is doing well in this troubled economic environment because of our strong product offering as well as our strong balance sheet and cash flow," stated Dr. De Chirico. "I am pleased with our projected performance for the remainder of fiscal 2009."

Conference Call

Immucor, Inc. will host a conference call Thursday, January 8, 2009 at 8:30 AM (Eastern Time) to review these results. Investors are invited to participate in this conference call with Dr. Gioacchino

SOURCE Immucor, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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