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Cambrex Reports First Quarter of 2011 Results
Date:5/5/2011

me):Interest Expense, net5731,198Other (Income)/Expenses, net(3)3Equity in Losses of Partially-Owned Affiliate364-Income Before Income Taxes4,3737.1%2,5114.5%Provision for Income Taxes1,518828Income from Continuing Operations

$

2,8554.6%$

1,6833.0%Loss from Discontinued Operations, Net of Tax(146)-Net Income

$

2,7094.4%$

1,6833.0%Basic Earnings/(Loss) per Share of Common Stock:   Income from Continuing Operations$   0.10$   0.06   Loss from Discontinued Operations, Net of Tax$ (0.01)$
-   Net Income$   0.09$   0.06Diluted Earnings/(Loss) per Share of Common Stock:   Income from Continuing Operations$   0.10$   0.06   Loss from Discontinued Operations, Net of Tax$ (0.01)$
-   Net Income$   0.09$   0.06Weighted Average Shares OutstandingBasic29,44829,315Diluted29,51829,374CAMBREX CORPORATIONConsolidated Balance Sheets

As of March 31, 2011 and December 31, 2010

(in thousands)March 31,December 31,Assets20112010Cash and Cash Equivalents

$

35,342$

29,614Trade Receivables, net38,45839,025Inventories, net67,67561,408Prepaid Expenses and Other Current Assets5,0435,082  Total Current Assets146,518135,129Property, Plant and Equipment, net154,329150,483Goodwill39,61637,694Intangibles Assets, net4,8834,687Investment in Partially-Owned Affiliate19,34419,709Other Non-Current Assets3,5904,049  Total Assets

$

368,280$

351,751Liabilities and Stockholders' EquityAccounts Payable

$

19,375$

19,480Accrued Expenses and Other Current Liabilities36,02233,503  Total Current Liabilities55,39752,983Long-term Debt117,900115,900Deferred Income Taxes18,48917,893Accrued Pension and Postretirement Benefits41,26243,921Other Non-Current Liabilities13,31013,419  Total Liabilities

$

246,358$

244,116  Stockholders’ Equity

$

121,922$

107,635
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SOURCE Cambrex Corporation
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