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Hologic Announces Second Quarter Fiscal 2011 Operating Results
Date:5/2/2011

BEDFORD, Mass., May 2, 2011 /PRNewswire/ -- Hologic, Inc. (Hologic or the Company) (Nasdaq: HOLX), a leading developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products dedicated to serving the healthcare needs of women, today announced its results for the second fiscal quarter ended March 26, 2011.

Highlights of the quarter include:

  • Revenues of $438.7 million.
  • Net income was $82.4 million, or $0.31 per diluted share, calculated in accordance with U.S. generally accepted accounting principles (GAAP).
  • Non-GAAP adjusted net income was $78.9 million, or $0.30 per diluted share, and adjusted EBITDA (non-GAAP adjusted earnings before interest, taxes, depreciation and amortization) was $146.2 million. A reconciliation of GAAP to non-GAAP results is included as an attachment to this press release.
  • Approval by the U.S. Food and Drug Administration (FDA) on February 11, 2011 of our Dimensions three-dimensional (3D) digital breast tomosynthesis system.
  • Acquisition of Interlace Medical, Inc. on January 6, 2011, the developer, manufacturer and supplier of the MyoSure hysteroscopic uterine fibroid tissue removal system.
  • Signing of two definitive agreements on January 14, 2011 and February 22, 2011 to acquire a medical equipment manufacturer and an international distributor of medical products, respectively. The closings of the acquisitions are subject to regulatory approvals and other conditions.

  • Second quarter fiscal 2011 revenues totaled $438.7 million, an increase of 4.9% compared to revenues of $418.1 million in the second quarter of fiscal 2010. The increase was primarily attributable to: (i) growth in Breast Health revenues of $16.4 million, or 8.7%, driven by a $12.7 million, or 22.6%, increase in service revenue primarily related to our increased installed ba
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    SOURCE Hologic, Inc.
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