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Martek Announces Second Quarter 2009 Financial Results
Date:6/3/2009

d resumption in growth in our infant formula business in 2010 will lay a solid foundation for 2010."

Revenue Summary

Product sales in the second quarter of fiscal 2009 increased to $88.2 million from $87.9 million in the second quarter of fiscal 2008. Second quarter revenue growth was driven by sales of life'sDHA(TM) to non-infant formula nutritional markets which grew to a record level of $9.8 million, up from $8.3 million in the prior year's second quarter. The 18% increase in non-infant formula nutritional products was led by significantly higher sales to the pregnancy and nursing market.

The following is a breakdown of product sales by market for the second quarter and year-to-date periods (in thousands):

                                Three months ended      Six months ended
                                  April 30,                April 30,
                                ------------------      ----------------

                                2009    2008    %         2009    2008    %
                                               incr                      incr
                                              (decr)                    (decr)

    Infant formula market    $77,383  $78,390  (1%)   $151,974  $148,668   2%
    Food and beverage market   2,979    3,172  (6%)      5,597     5,267   6%
    Pregnancy and nursing,
     nutritional supplements
     and animal feeds          6,801    5,113   33%     12,465    10,405  20%
    Non-nutritional products     989    1,200  (18%)     2,138     2,144   0%
                              ------   ------  ----    -------   -------  --
       Total product sales   $88,152  $87,875  0.3%   $172,174  $166,484   3%
                              ======   ======  ====    =======   =======  ==


In addition, contract manufacturing sales in the second quart
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SOURCE Martek Biosciences Corporation
Copyright©2009 PR Newswire.
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