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

ting Expense 1,550,000 1,399,000 4,770,000 4,150,000 Operating Income 1,884,000 1,688,000 5,515,000 5,124,000 Other (Income) & Expense (16,000) (54,000) (79,000) (150,000) Earnings Before Taxes 1,900,000 1,742,000 5,594,000 5,274,000 Income Taxes 684,000 621,000 2,008,000 1,859,000 Net Income $1,216,000 $1,121,000 $3,586,000 $3,415,000 Earnings Per Share (Basic) $.38 $.35 $1.13 $1.08 Earnings Per Share (Diluted) $.38 $.34 $1.11 $1.04 Average Shares (Basic) 3,182,000 3,165,000 3,177,000 3,168,000 Average Shares (Diluted) 3,229,000 3,292,000 3,240,000 3,285,000 BALANCE SHEETS (Unaudited) Dec. 31 March 31 2008 2008 Cash and Short-term Investments $7,962,000 $5,770,000 Other Current Assets 9,356,000 8,641,000 Total Current Assets 17,318,000 14,411,000 Property and Equipment 3,791,000 3,488,000 Other Assets 7,112,000 7,634,000 Total Assets $28,221,000 $25,533,000 Liabilities $1,581,000 $1,794,000 Stockholders' Equity 26,640,000 23,739,000 Total Liabilities and Equity $28,221,000 $25,533,000

    CONTACTS:

    Luke R. Schmieder; CEO-Chairman of the Board of Directors
    John J. Sullivan, President-COO
    Steven W. Peterson; VP Finance-CFO
    Mesa Laboratories, Inc.
    303.987.8000


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SOURCE Mesa Laboratories, Inc.
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