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Cantel Medical Reports 19% Sales Growth And EPS Of $0.27 vs. $0.23 For The First Quarter Ended October 31, 2013
Date:12/5/2013

LITTLE FALLS, N.J., Dec. 5, 2013 /PRNewswire/ -- CANTEL MEDICAL CORP. (NYSE: CMN) reported a 17% increase in net income to a record $11,185,000, or $0.27 per diluted share, on a 19% increase in sales to a record $118,272,000 for the first quarter ended October 31, 2013. This compares with net income of $9,576,000, or $0.23 per diluted share, on sales of $99,681,000 for the first quarter ended October 31, 2012.

Andrew Krakauer, Cantel's President and CEO stated, "We are pleased to have delivered record sales and earnings this quarter. We achieved good financial performance in all three major business segments – Endoscopy, Water Purification and Filtration, and Healthcare Disposables. All three business units have greatly benefitted from further investments in new product development, sales and marketing programs, and the integration of recent acquisitions. Most importantly, for the second consecutive quarter we had strong organic sales growth of 10%. Further, our total sales growth of 19% demonstrates the success of our acquisition program."

Krakauer added, "Our Medivators Endoscopy business achieved robust organic sales growth of 19% in the quarter. All product categories were strong, including equipment, disinfectant chemicals, procedural products, as well as service and spare parts. Our Mar Cor Water Purification and Filtration segment continued its excellent performance as it has for the past two years with sales growth of 20% this quarter. Higher sales in this segment were led by increased shipments of central and portable water purification equipment. Sales in our Crosstex Healthcare Disposables business grew by 32%, mostly driven by the successful integration of the SPS Medical sterility assurance acquisition completed in November 2012. These substantial revenue increases drove the significantly i
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SOURCE Cantel Medical Corp.
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