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Cambrex Reports Fourth Quarter and Full Year 2010 Results
Date:2/10/2011

ch and Development Expenses10,3054.6%7,9293.3%Restructuring Expenses1,2930.6%-0.0%Merger and Acquisition Expenses9970.4%-0.0%Total Operating Expenses46,61920.6%43,64018.4%Operating Profit20,2478.9%26,63811.3%Other Expenses/(Income):Interest Expense, net4,3911.9%4,6342.0%Other Expense/(Income), net5960.3%(641)-0.3%Equity in Losses of Partially-Owned Affiliate2860.1%-0.0%Income Before Income Taxes14,9746.6%22,6459.6%Provision for Income Taxes5,6652.5%12,2535.2%Income from Continuing Operations

$

9,3094.1%$

10,3924.4%Income from Discontinued Operations3380.2%-0.0%Net Income

$

9,6474.3%$

10,3924.4%Basic Earnings per Share of Common Stock:   Income from Continuing Operations

$

0.32$

0.36   Income from Discontinued Operations

$

0.01$

-  Net Income

$

0.33$

0.36Diluted Earnings per Share of Common Stock:   Income from Continuing Operations

$

0.32$

0.36   Income from Discontinued Operations

$

0.01$

-  Net Income

$

0.33$

0.36Weighted Average Shares OutstandingBasic29,36129,241Diluted29,46829,267CAMBREX CORPORATIONReconciliation of GAAP to non-GAAP ResultsFor the Quarters and Twelve Months Ended December 31, 2010 and 2009(in thousands)Fourth Quarter 2010Fourth Quarter 2009Operating Profit, as Reported

$

8,374$

3,687Restructuring Expenses106-Merger and Acquisition Expenses211-Adjusted Operating Profit8,6913,687Depreciation and Amortization5,8315,731 Adjusted EBITDA

$

14,522$

9,418Twelve Months 2010Twelve Months 2009Operating Profit, as Reported

$

20,247$

26,638Restructuring Expenses1,293-Merger and Acquisition Expenses997-Adjusted Operating Profit22,53726,638Depreciation and Amortization21,82820,505Adjusted EBITDA

$

44,365$

47,143CAMBREX CORPORATIONConsolidated Balance SheetsAs of December 31, 2010 an
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SOURCE Cambrex Corporation
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