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West Announces First Quarter 2009 Results
Date:4/30/2009

utical Systems Gross Profit as a Percent of Sales 34.5% Tech Group Revenue (includes $14 million of inter-company sales)(3) Tech Group Gross Profit as a Percent of Sales $250 to $255 million 15.0% Consolidated Gross Profit Margin 30.3% Full Year Adjusted Diluted EPS(1)(2)(3) $2.05 to $2.18 (1)(2)(3) See corresponding notes under "Supplemental Information and Notes to Non-GAAP Financial Measures" in the tables following the text of this release. The principal currency assumption in these estimates is for the translation of the Euro at $1.28 to 1.00 Euro for the remainder of 2009.

The adverse effects of currency, slower customer orders, and sales of residual inventories that include relatively higher raw material costs, are expected to continue to compress margins through the second quarter. Second quarter Adjusted Diluted EPS is expected to compare unfavorably to the second quarter of 2008 and, sequentially, to improve by approximately 20% compared to the first quarter of 2009. The expected resumption of more normal customer order patterns, anticipated pricing changes under existing contracts, and realization of lower raw material costs are among the factors that are expected to produce more favorable quarterly comparisons to the relevant 2008 periods during the second half of the 2009.

First-Quarter Conference Call

The Company will host a conference call to discuss the results and business expectations at 9:00 a.m. Eastern Daylight Time today. To participate on the call, please dial (888) 790-3758 or (210) 839-8398. The passcode is WST.

A live broadcast of the conference call will be available at
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SOURCE West Pharmaceutical Services, Inc.
Copyright©2009 PR Newswire.
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