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

> in the same quarter last year, as the impact of lower revenues was partially offset by productivity and the year-over-year change in the fair value of embedded derivatives. During the current quarter, operating income included $2 million of restructuring charges related to accelerated vesting of stock-based compensation awards associated with the Company's strategic repositioning.

Corporate and Other

                                                     First Quarter
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                                                                    % Change
    (millions of U.S. dollars)             Q1 2010      Q1 2009     Reported
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    Operating loss                         $   (46)     $   (14)       (229%)
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Included in operating income is selling, general and administration (SG&A) expenses in the first quarter of fiscal 2010 of $11 million which was unchanged from last year. Lower compensation costs, due to workforce reductions and cost-control initiatives, were offset by the negative impact of foreign exchange and increased professional fees. During the current quarter, operating income included $31 million in restructuring charges related to the
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SOURCE MDS Inc.
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