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Hologic Announces First Quarter Fiscal 2011 Operating Results
Date:1/31/2011

growth over the prior year.

Financial Guidance:The Company's guidance for fiscal 2011 reflects its current core products, including revenues from its recently-completed acquisition of Interlace, but does not reflect any future revenue or earnings from any anticipated acquisition or any product currently before the FDA awaiting approval or clearance.

Second Quarter Fiscal 2011 (Quarter ending March 26, 2011):

  • The Company expects second quarter fiscal 2011 revenues to be comparable with the first quarter of fiscal 2011. This reflects an increase in revenues in the Breast Health segment, partially offset by an anticipated decrease in the GYN Surgical segment primarily due to a historically slower quarter for the NovaSure product. Year-over-year, this represents an expected increase in revenues of 3% over the second quarter of fiscal 2010 revenues of $418.1 million.

  • The Company expects non-GAAP adjusted EPS to be approximately $0.28.

  • Fiscal 2011 (Year ending September 24, 2011):

  • The Company is reaffirming guidance for fiscal 2011 revenues of $1.73 billion to $1.76 billion, reflecting the current level of capital equipment market stabilization, continued growth in service revenue, the contributions from Sentinelle and Interlace, and the outlook for increased GYN Surgical revenues.

  • The Company expects non-GAAP adjusted EPS to be approximately $1.22 to $1.24.

  • Estimates of certain non-GAAP adjustments that the Company anticipates will be reflected in its non-GAAP fiscal 2011 second quarter and fiscal 2011 year financial performance are included as an attachment to this press release.

    Hologic may not generate expected revenues and may incur expenses or charges or realize income or gains in fiscal 2011 that could cause actual results to vary from the guidance above. In addition, the Company is continuing to monitor the effects of the U.S. and general worldwide economic a
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    SOURCE Hologic, Inc.
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