Young Innovations, Inc. Announces Record Earnings for the Quarter and Six-Months Ended Jun... ( ST. LOUIS July 21 /- Youn...)

Young Innovations, Inc. Announces Record Earnings for the Quarter and Six-Months Ended June 30, 2009

Date:7/21/2009

ST. LOUIS, July 21 /PRNewswire-FirstCall/ -- Young Innovations, Inc. (Nasdaq: YDNT) today announced record earnings for the second quarter and for the first six-months ended June 30, 2009.

Sales for the second quarter of 2009 were $24.6 million, a decrease of 4.9% over the $25.9 million reported for the second quarter of 2008. Income from operations increased 4.8% to $5.4 million from $5.2 million in the prior year. Net income for the second quarter increased 7.4% to $3.3 million from $3.1 million in 2008. Diluted earnings per share for the second quarter of 2009 were $0.42, an increase of 10.5% over the $0.38 reported in the prior year quarter. Diluted earnings per share were affected by equity compensation expense of $0.04 and $0.03 for quarters ended June 30, 2009 and 2008, respectively, while diluted shares outstanding for the quarter declined 2.7% to 7.9 million.

For the six months ended June 30, 2009, sales were $48.4 million, decreasing 3.8% from the $50.3 million reported in the prior year period. Income from operations increased 6.9% to $10.4 million from $9.7 million in the prior year six-month period. Net income was $6.5 million, increasing 9.3% from $5.9 million in the prior year. Diluted earnings per share were $0.82 for the six months ended June 30, 2009, an increase of 13.9% from $0.72 in the same period of 2008. Diluted earnings per share were affected by equity compensation expense of $0.07 and $0.06 for the six months ended June 30, 2009 and 2008, respectively, while diluted shares outstanding for the six months ended June 30, 2009 declined 4.1% to 7.9 million.

Sales of our consumable products continued to be stable in the second quarter despite the challenging economic environment, while demand for our diagnostic products remained weak. Consumable product sales,
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