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Mesa Labs Reports Higher Quarterly Sales and Earnings
Date:2/10/2009

we are faced with a very challenging economic environment that is likely to test Mesa's ability to continue to deliver sales and net income growth. However, we are committed to executing our three-pronged strategy of improving our distribution channels, increasing the flow of new products, and seeking strategic acquisitions as the keys to enhancing long term shareholder value."

During the third quarter and first nine months of fiscal 2009, sales of the Company's medical products and services increased 23 and 18 percent, respectively, compared to the prior year periods. For both the quarter and the nine month period, strong increases in shipments of the meter products, standard solutions and parts and service contributed to the total increase over prior year.

For the quarter, DataTrace sales decreased less than one percent compared to the same period last year, while sales increased 14 percent for the nine month period compared to the same period last year. During the quarterly period, sales of the new Micropack RF products were offset by a decrease in rental and associated service revenues along with a small decrease in total Micropack III sales. The increase for the nine month period is attributable chiefly to higher Micropack RF and Micropack III revenues compared to prior year.

During the third quarter and first nine months of fiscal 2009 sales of Raven biological indicator products increased 25 percent and 17 percent, respectively, compared to the prior year period. The increase in Raven sales for both the quarter and nine month periods was due to increases in sales of the biological indicator and chemical indicator products.

Profitability for the third quarter and nine month periods of fiscal 2009 was up compared to the prior fiscal year due chiefly to the increase in revenues. For the quarter, net income increased eight percent but diluted earnings per share increased by 12 percent. F
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SOURCE Mesa Laboratories, Inc.
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