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MDS Reports First Quarter Fiscal 2010 Financial Results
Date:3/16/2010

OTTAWA, March 16 /PRNewswire-FirstCall/ - MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global health science markets, today reported financial results and filed its unaudited interim consolidated financial statements and related Management Discussion & Analysis for the three months ended January 31, 2010. In order to simplify our disclosures, we have discontinued the use of non-GAAP measures such as adjusted EBITDA.

As a result of the strategic repositioning announced in September 2009, including the sale of MDS Analytical Technologies and the sale of MDS Pharma Services Early Stage, the Company has reported the results for these businesses as discontinued operations. Continuing operations now focus solely on the MDS Nordion business, as well as Corporate and Other functions.

For the first quarter of fiscal 2010, MDS reported revenues from continuing operations of $46 million, and a loss from continuing operations of $43 million, which includes a $33 million pre-tax restructuring charge, and a basic loss per share from continuing operations of $0.36. This result compares with revenues from continuing operations of $66 millio
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