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Immucor Announces Fiscal Year 2010 Guidance
Date:6/1/2009

NORCROSS, Ga., June 1 /PRNewswire-FirstCall/ -- Immucor, Inc. (Nasdaq: BLUD), a global leader in providing automated instrument-reagent systems to the blood transfusion industry, today announced its guidance for its fiscal year ending May 31, 2010.

The Company expects consolidated revenue to be in the range of $322 million to $332 million for fiscal year 2010. Revenue growth expectations include $10 million to $15 million from volume contributions, primarily related to increased sales of reagents from instrument placements, and $15 million to $20 million from price contributions. Of the Company's Capture(R) and traditional reagent revenue, approximately two-thirds of the revenue is under contract.

Consolidated gross margins are expected to be in the range of 70.0% to 71.5% for fiscal 2010. The Company's Quality Process Improvement Project, which focuses on improving the quality department's processes and procedures, is included in cost of goods sold. Expenses related to the project in fiscal 2010 are expected to be in the range of $4.0 million to $4.5 million. The Company expects to complete the project during the third fiscal quarter of 2010.

The Company expects diluted earnings per share to be in the range of $1.10 to $1.17 for fiscal 2010, which includes the approximately $0.04 per share impact, net of tax, related to the Quality Process Improvement Project. The Company's fiscal 2010 guidance includes a full year of BioArray expenses. BioArray was acquired on August 4, 2008.

The Company expects to receive 320 to 350 Echo instrument orders in fiscal 2010. The Company also expects to receive 50 to 70 Galileo instrument orders in the coming fiscal year.

The Company will host a conference call Tuesday, June 2, 2009 at 8:30 AM (Eastern Time) to review its fiscal 2010 guidance. Inv
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SOURCE Immucor, Inc.
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