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

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($ millions) Q3 2007 Q3 2006 Reported Organic

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Revenue 127 66 92% 11%

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Adjusted EBITDA:

$ 36 15 140% 73%

% 28 23 - -

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The third quarter marked our first full quarter including the results of Molecular Devices. MDS Analytical Technologies delivered strong results this quarter with revenues up 92% to $127 million. Adjusted EBITDA of $36 million was up 140% reported, and up 73% organically over the same period last year. The Molecular Devices acquisition and healthy demand for our Sciex products in most of our markets drove solid results. We had good sales momentum with our high-end triple-quad and ion trap instruments. Sciex contributed $72 million in revenues and $21 million in adjusted EBITDA in the third quarter. Mass spectrometry end user revenue grew 10%. In the quarter, Molecular Devices contributed $55 million in revenues and $15 million in adjusted EBITDA. The integration of Molecular Devices and Sciex is proceeding well and we intend to meet or exceed the revenue and adjusted EBITDA targets of $190 million and $45 - $50 million in our first full year of ownership.

During the quarter, MDS Analytical Technologies introduced several new products to support continued growth in this business. The AquaMax(R) 2000 and AquaMax(R) 4000 series of microplate washers were launched this quar
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SOURCE MDS Inc.
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