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Hologic Announces Fourth Quarter Fiscal 2013 Operating Results
Date:11/11/2013

BEDFORD, Mass., Nov. 11, 2013 /PRNewswire/ -- Hologic, Inc. (Hologic or the Company) (NASDAQ: HOLX), a leading developer, manufacturer and supplier of premium diagnostic products, medical imaging systems and surgical products, with an emphasis on serving the healthcare needs of women, today announced its results for the fourth fiscal quarter and fiscal year ended September 28, 2013.

Highlights of the Quarter Include:

  • Revenues of $622.1 million.
  • Non‐GAAP net income of $107.6 million, or $0.39 per diluted share, and adjusted EBITDA (non‐GAAP earnings before interest, taxes, depreciation and amortization) of $231.4 million.
  • Net loss of $1.1 billion, or $(4.11) per diluted share, calculated in accordance with U.S. generally accepted accounting principles (GAAP). Includes a goodwill impairment charge of $1.1 billion.
  • FDA approval of the Aptima HPV assay for use on the Panther system.
  • Improved financial flexibility with the Term Loan B facility (Term B) refinancing and associated Credit Agreement amendments, which reduced the Term B interest rate by 75 basis points and increased financial flexibility to return capital to shareholders, as well as a voluntary prepayment of $200 million on the Term B.
  • Highlights Subsequent to the Quarter Include:

  • November 11, 2013 – Announced that its Board of Directors authorized a $250 million, three-year stock repurchase program.
  • November 7, 2013 – FDA approved the Aptima HPV 16 18/45 genotype assay for use on the Panther system.
  • October 31, 2013 – Voluntarily prepaid an additional $100 million on the Term B.
  • October 30, 2013 – AuntMinnie.com named digital breast tomosynthesis the "Hottest Clinical Procedure" for the fourth consecutive year by its readers and editors.
  • A reconciliation of historical GAAP to n
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    SOURCE Hologic, Inc.
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