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Mesa Labs Reports Higher Quarterly Sales and Earnings
Date:2/11/2008

ions.

This news release contains forward-looking statements which involve risks and uncertainties. The Company's actual results could differ materially from those in any such forward-looking statements. Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company's Annual Report on Form-10KSB for the year ended March 31, 2007 as filed with the Securities and Exchange Commission, and from time to time in the Company's other reports on file with the Commission.

FINANCIAL SUMMARY

STATEMENT OF EARNINGS

(Unaudited)

Quarter Ended Nine Months Ended

December 31 December 31

2007 2006 2007 2006

Net Sales $4,614,000 $4,095,000 $13,768,000 $11,956,000

Cost of Goods 1,527,000 1,633,000 4,494,000 4,427,000

Gross Profit 3,087,000 2,462,000 9,274,000 7,529,000

Operating Expense 1,399,000 1,202,000 4,150,000 3,675,000

Operating Income 1,688,000 1,260,000 5,124,000 3,854,000

Other (Income) &

Expense (54,000) (36,000) (150,000) (104,000)

Earnings Before

Taxes 1,742,000 1,296,000 5,274,000 3,958,000

Income Taxes 621,000 478,000 1,859,000 1,438,000

Net Income $1,121,000 $818,000 $3,415,000 $2,520,000

Earnings Per Share

(Basic) $.35 $.26 $1.08 $.80

Earnings Per Share

(Diluted) $.34 $.25 $1.04 $.78

Average Shares

(Basic) 3,165,000 3,177,000 3,168,000 3,156
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SOURCE Mesa Laboratories, Inc.
Copyright©2008 PR Newswire.
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