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MDS Reports Third Quarter 2007 Results
Date:9/6/2007

, especially in the small molecule markets. Our high-end triple-quad and ion-trap instruments have maintained strong sales momentum, across all the geographic markets. Good strength from our core LC/MS products was augmented by strength from our ICP/MS product line. Service revenues continue to be a strong driver of growth and profitability for the worldwide business, building on the large installed base of equipment, and for our share of operating income from the Applied Biosystems/Sciex and MDS/PerkinElmer partnerships. End-user revenues for Sciex products grew 10% in the third quarter compared to the same period last year.

Organic growth in revenues and adjusted EBITDA reconcile to reported growth as follows:

Adjusted

Revenue EBITDA

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Reported growth 92% 140%

Growth attributable to the acquisition of MD (83%) (100%)

Impact of currency fluctuations on growth 1% 33%

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Organic growth 10% 73%

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MD has been a strong contributor to segment revenues and adjusted EBITDA since we acquired it. Given the strong start, we believe the division is on track to meet or exceed the expected $190 million in revenues and $45 - $50 million in adjusted EBITDA in the first full year of ownership. MD revenues were up 16% compared to the same three-month period in their fiscal 2006.

MDS acquired Molecular Devices effective March 20, 2007. During the third quarter we conti
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SOURCE MDS Inc.
Copyright©2007 PR Newswire.
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