Young Innovations, Inc. Announces Results for the Third Quarter Ended September 30, 2007 and Declares Quarterl...( ST. LOUIS Oct. 23 /- Young Innova...),Health

ST. LOUIS, Oct. 23 /PRNewswire-FirstCall/ -- Young Innovations, Inc. (Nasdaq: YDNT) today announced results for the quarter and nine months ended September 30, 2007.

Sales for the third quarter were $24.7 million, increasing 3.5% over the $23.8 million reported for the third quarter of 2006. Income from operations decreased 16.8% to $5.2 million from $6.2 million in the prior year. Net income of $3.1 million decreased 22.1% from $3.9 million in the prior year. Diluted earnings per share for the third quarter of 2007 were $0.35, a decrease of 18.6% over the $0.43 reported in the prior year quarter. For the quarter ended September 30, 2007, diluted shares outstanding were 8,773,000 a decrease of 410,000 shares over the prior year, principally reflecting the pro rata impact of the 1 million share repurchase completed on August 15, 2007. Diluted earnings per share were affected by equity compensation expense of $0.02 and $0.01 for the quarters ended September 30, 2007 and 2006, respectively.

For the nine months ended September 30, 2007, sales were $72.4 million, increasing 9.7% from the prior year period. Income from operations for the nine months ended September 30, 2007 decreased 9.4% to $15.7 million from $17.3 million in the prior year. Net income was $9.4 million, decreasing 15.5% from $11.1 million in the year earlier nine-month period. Diluted earnings per share were $1.03 for the nine months ended September 30, 2007, a decrease of 14.9% from $1.21 in the same period of 2006. For the nine months ended September 30, 2007, diluted shares outstanding were 9,082,000 a decrease of 96,000 shares over the prior year, principally reflecting the pro rata impact of the 1 million share repurchase completed on Augu
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