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Cambrex Reports Third Quarter 2011 Results

2271,252Income/(Loss) from Continuing Operations



(1,284)-2.6%Loss from Discontinued Operations, Net of Tax(333)(170)Net Income/(Loss)



(1,454)-2.9%Basic Earnings/(Loss) per Share of Common Stock:   Income/(Loss) from Continuing Operations$   0.10$ (0.04)   Loss from Discontinued Operations, Net of Tax$ (0.01)$ (0.01)   Net Income/(Loss)$   0.09$ (0.05)Diluted Earnings/(Loss) per Share of Common Stock:   Income/(Loss) from Continuing Operations$   0.10$ (0.04)   Loss from Discontinued Operations, Net of Tax$ (0.01)$ (0.01)   Net Income/(Loss)$   0.09$ (0.05)Weighted Average Shares OutstandingBasic29,48329,373Diluted29,52829,373CAMBREX CORPORATIONStatements of Profit and LossFor the Nine Months Ended September 30, 2011 and 2010(in thousands, except per-share data)20112010% of% ofAmountSalesAmountSalesGross Sales



162,914Commissions, Allowances and Rebates1,2261,204Net Sales186,115161,710Other2,007374Net Revenues188,122162,084Cost of Goods Sold133,78171.4%115,54870.9%Gross Profit54,34129.0%46,53628.6%Operating ExpensesSelling, General and Administrative Expenses28,09715.0%24,78415.2%Research and Development Expenses8,2474.4%7,9064.9%Restructuring Expenses--1,1870.7%Merger and Acquisition Expenses--7860.5%Total Operating Expenses36,34419.4%34,66321.3%Operating Profit17,9979.6%11,8737.3%Other Expenses/(Income):Interest Expense, net1,7423,602Other (Income)/Expenses, net(271)69Equity in Losses of Partially-Owned Affiliate1,164-Income Before Income Taxes15,3628.2%8,2025.0%Provision for Income Taxes4,6564,137Income from Continuing Operations



4,0652.5%(Loss)/Income  from Discontinued Operations, Net of Tax(479)935Net Income



5,0003.1%Basic Earnings/(Loss) per Share of Common Stock:   Income from Continuing Operations$
.14   (Loss)/Income

SOURCE Cambrex Corporation
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