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Shamir Optical Industry Reports Fourth Quarter and Year-End 2009 Results
Date:3/11/2010

mpared to gross profit of $75.9 million, or 54.1% of revenues for the same period last year.

For the year ended December 31, 2009, operating income was $17.3 million, or 12.2% of revenues, compared to operating income of $13.4 million, or 9.5% of revenues for the same period last year.  Net income for the year was $13.3 million, or $0.77 per diluted share, compared to net income of $9.1 million or $0.55 per diluted share for the comparable period in 2008.

Excluding the effects of non-cash stock-based compensation expenses, amortization of intangible assets and compensation to the Company's former chief executive officers, non-GAAP operating income for the year was $19.2 million, or 13.5% of revenues, compared to non-GAAP operating income of $15.8 million, or 11.3% of revenues, in 2008.

Excluding the effects of non-cash stock-based compensation expenses, amortization of intangible assets, net of tax, accretion of redeemable non controlling interest and compensation to the Company's former chief executive officers, net of tax, non-GAAP net inco
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SOURCE Shamir Optical Industries Ltd.
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