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Cambrex Reports Third Quarter 2013 Financial Results
Date:11/1/2013

of% ofAmountSalesAmountSalesGross Sales

$

77,992$

59,841Commissions, Allowances and Rebates547456Net Sales77,44559,385Other7(175)Net Revenues77,45259,210Cost of Goods Sold52,48667.3%40,67968.0%Gross Profit24,96632.0%18,53131.0%Operating ExpensesSelling, General and Administrative Expenses11,12814.3%11,91019.9%Research and Development Expenses2,5883.3%2,3473.9%Total Operating Expenses13,71617.6%14,25723.8%Operating Profit11,25014.4%4,2747.1%Other Expenses:Interest Expense, net664576Other Expenses, net572Equity in Losses of Partially-Owned Affiliates508630Income Before Income Taxes10,07312.9%2,9965.0%Provision for Income Taxes3,799975Income from Continuing Operations

$

6,2748.0%$

2,0213.4%Loss from Discontinued Operations, Net of Tax(2,700)(332)Net Income

$

3,5744.6%$

1,6892.8%Basic Earnings/(Loss) per Share of Common Stock:Income from Continuing Operations$
.21$
.07Loss from Discontinued Operations, Net of Tax$
(0.09)$
(0.01)Net Income$
.12$
.06Diluted Earnings/(Loss) per Share of Common Stock:Income from Continuing Operations$
.20$
.07Loss from Discontinued Operations, Net of Tax$
(0.08)$
(0.01)Net Income$
.12$
.06Weighted Average Shares OutstandingBasic30,18429,711Diluted31,05230,587 CAMBREX CORPORATIONStatements of Profit and LossFor the Nine Months Ended September 30, 2013 and 2012(in thousands, except per-share data)20132012% of% ofAmountSalesAmountSalesGross Sales

$

214,201$

207,542Commissions, Allowances and Rebates7751,772Net Sales213,426205,770Other1,714801Net Revenues215,140206,571Cost of Goods Sold146,17468.2%137,16766.1%Gross Profit68,96632.2%69,40433.4%Operating ExpensesSelling, General and Administrative Expenses32,85415.3%33,82916.3%Research and Development Expenses7,5473.5%7,2973.5%Total Operating Expenses40,40118.9%41,12619.8%Gain on Sale of Asset4,6802.2%--Operating Profit33,24515.5%28,27813.6%Other Exp
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SOURCE Cambrex Corporation
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