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West Announces Second Quarter 2008 Results
Date:8/5/2008

- Reported Diluted EPS of $0.82 Includes Settlement Gain and Restructuring

Costs -

- Adjusted Diluted EPS(1) of $0.73 -

- Maintains Full-Year 2008 Earnings Estimate -

- Conference Call Scheduled for 9 a.m. E.D.T. Today -

LIONVILLE, Pa., Aug. 5 /PRNewswire-FirstCall/ -- West Pharmaceutical Services, Inc. (NYSE: WST) today announced results for the second quarter of 2008. Reported diluted earnings per share of $0.82 included net after-tax income of $3.3 million, or $0.09 per diluted share, for the combined effects of a contract settlement gain and restructuring charges.

Summary quarterly results are as follows:

Three Months Ended June 30

($ millions, except per-share data ) 2008 2007

Net Sales $279.3 $263.7

Gross Profit 83.6 76.7

Reported Operating Profit 42.6 34.9

Adjusted Operating Profit (1) 37.4 34.9

Reported Diluted EPS from continuing operations $0.82 $0.74

Adjusted Diluted EPS(1) from continuing operations $0.73 $0.68

(1) See corresponding note under "Supplemental Information and Notes to

Non-GAAP Financial Measures" in the tables following the text of this

release.

Quarterly consolidated revenue increased by 5.9% when compared to the second quarter of 2007, with favorable currency effects and other sales gains outpacing anticipated sales declines for certain products. Currency translati
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SOURCE West Pharmaceutical Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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