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West Announces Second Quarter 2009 Results
Date:8/4/2009

ech Group Gross Profit as a Percent of Sales 15.0% Consolidated Gross Profit Margin 29.9% Full Year Adjusted Diluted EPS(1)(2)(3) $2.10 to $2.20 (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 $1.40 to Euro 1.00 for the remainder of 2009. The Company's earlier guidance reflected the Euro at $1.28 for the remainder of 2009. The 2009 guidance does not include the impact of the Plastef Acquisition, described below.

The revised guidance reflects, among other factors, expected resumption of more normal customer order patterns, and includes expectations of 2009 product demand associated with government-sponsored vaccinations against the H1N1(A) virus strain, anticipated pricing changes under existing contracts, and lower raw material costs. The Company has revised its capital spending programs and now expects that 2009 capital spending will be lower, between $110 million and $120 million.

Plastef Acquisition

On July 6, 2009 the Company completed the purchase of the drug delivery device business assets of Plastef Investissements SA and its subsidiaries, a France-based developer and manufacturer of devices. Plastef's products include the Eris safety syringe system, which addresses the market for fixed-needle prefilled syringes and complements the Company's NovaGuard(TM) safety system, which addresses the other common syringe format, luer-lock syringes. The acquisition included a manufacturing facility located at Le Vaudreuil, Normandy, and Plastef's intellectual property. Total consideration, including cash and assumed liabilities, was approximately $17 million, and the acqui
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SOURCE West Pharmaceutical Services, Inc.
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