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

mpany expects fiscal 2014 revenues of $2.425 billion to $2.475 billion. Year-over-year, this represents an expected decrease of 1% to 3% over fiscal 2013 non-GAAP revenues of $2.51 billion (prior year reflects the addition of $19.7 million primarily relating to a purchase accounting adjustment). The decrease is expected to be driven primarily from a decline in sales of ThinPrep pap tests, 2D Selenia systems, NovaSure systems, and blood screening assays plus, to a lesser extent, the elimination of revenues from Lifecodes, which were $23.0 million in fiscal 2013. This decrease is expected to be partially offset by the continued ramp‐up of new products including 2D and 3D Dimensions, Panther-based assays, and MyoSure systems.
  • The Company expects non-GAAP EPS of $1.32 to $1.38. This includes an incremental reduction in EPS from the prior period of: $0.02 from the impact of the medical device excise tax and $0.04 from an increase in the expected annual effective tax rate.
  • Hologic may not generate expected revenues and may incur expenses or charges, realize income or gains, or execute transactions in fiscal 2014 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., European and general worldwide economic and regulatory conditions and related uncertainties, including the implementation of healthcare cost containment measures and healthcare reform legislation, as well as foreign currency fluctuations, which, along with other uncertainties facing the Company's business including those referenced elsewhere herein and its filings with the Securities and Exchange Commission, could adversely affect anticipated results.

    Conference Call and Webcast: Hologic's management will host a conference call on Monday, November 11, 2013, at 5:00 p.m. (Eastern) to discuss fourth quarter fiscal year 2013 operating results. Interested participants may listen to the call by diali
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    SOURCE Hologic, Inc.
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