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Immucor Announces Record Fiscal Third Quarter Results
Date:4/1/2008

t to place undue reliance on any forward-looking statements. Immucor assumes no obligation to update any forward-looking statements.

IMMUCOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Amounts in thousands, except per share data)

(Unaudited)

Three Months Nine Months

Ended Ended

Feb. 29, Feb. 28, Feb. 29, Feb. 28,

2008 2007 2008 2007

NET SALES $67,029 $57,091 $192,585 $162,557

COST OF SALES 18,688 16,738 56,489 49,825

GROSS PROFIT 48,341 40,353 136,096 112,732

OPERATING EXPENSES

Research and development 1,522 1,624 5,011 4,658

Selling and marketing 7,605 6,850 23,019 19,164

Distribution 2,881 2,393 8,212 7,061

General and administrative 7,228 6,271 19,385 16,784

Restructuring expense (gain) (77) 72 646 641

Amortization expense and other 88 86 261 259

Total operating expenses 19,247 17,296 56,534 48,567

INCOME FROM OPERATIONS 29,094 23,057 79,562 64,165

NON-OPERATING INCOME (EXPENSES)

Interest income 1,260 682 3,504 1,845

Interest expense (111) (106) (292) (334)

Other, net (14) 135 73 231

Total non-operating income 1,135 711 3,285 1,742

INCOME BEFORE INCOME TAXES 30,229 23
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SOURCE Immucor, Inc.
Copyright©2008 PR Newswire.
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