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Young Innovations, Inc. Announces Results for the Quarter Ended March 31, 2009
Date:4/27/2009

ST. LOUIS, April 27 /PRNewswire-FirstCall/ -- Young Innovations, Inc. (Nasdaq: YDNT) today announced results for the quarter ended March 31, 2009.

Sales for the first quarter of 2009 were $23.8 million, a decrease of $0.6 million or 2.6% from the $24.4 million reported in the first quarter of 2008. Income from operations increased 9.3% to $5.0 million in the first quarter of 2009 from $4.6 million in the first quarter of 2008. Net income increased 11.4% to $3.2 million compared with $2.8 million in the first quarter of 2008. Diluted earnings per share increased 17.6% in the first quarter of 2009 to $0.40 from $0.34 in the prior year quarter. Diluted earnings per share were affected by equity compensation expense of $0.03 for the quarter ending March 31, 2009, remaining unchanged from the prior year quarter. Results in the first quarter of 2008 also included a one-time foreign exchange benefit of approximately $300,000, or $0.02 per share, related to the repayment of debt from the Company's Irish subsidiary.

Continuing a trend over the past several quarters, demand for our consumable products remained solid in the first quarter despite the economic downturn but was offset by continued weakness in our diagnostic product line. Sales of our consumable products, which include our preventive, infection control, endodontic, micro-applicator and home care product lines, remained essentially flat over the prior year quarter. We believe the weak economic climate contributed to disappointing results in our diagnostic product line, which posted results $530,000 below that of the first quarter of 2008. Sales were also negatively impacted by approximately $264,000 as the U.S. dollar continued to strengthen in the first quarter. Increased gross and operating margins were driven primarily by shifting product mix, price increases introduced in t
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SOURCE Young Innovations, Inc.
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