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Hologic Announces Second Quarter Fiscal 2013 Operating Results
Date:5/6/2013

BEDFORD, Mass., May 6, 2013 /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, with an emphasis on serving the healthcare needs of women, today announced its results for the second fiscal quarter ended March 30, 2013.

Highlights of the Quarter Include: Financial:

  • Revenues of $612.7 million, net of a $(6.4) million adjustment related to contingent revenue earned and received under Gen‐Probe Incorporated's (Gen‐Probe) collaboration agreement with Novartis.
  • Non‐GAAP adjusted revenues of $619.1 million, including the aforementioned $6.4 million adjustment.
  • Net loss of $51.1 million, or $0.19 per diluted share, calculated in accordance with U.S. generally accepted accounting principles (GAAP).
  • Non‐GAAP adjusted net income of $93.8 million, or $0.35 per diluted share, and adjusted EBITDA (non‐GAAP adjusted earnings before interest, taxes, depreciation and amortization) of $211.8 million.
  • Completed sale of the Company's LIFECODES business to Immucor, Inc. on March 22, 2013, for approximately $85 million in cash (adjusted for working capital items) and a potential contingent payment of $10 million.
  • Improved financing flexibility and terms on existing debt with:
  • the February 14, 2013 exchange of $370 million of outstanding 2.00% Convertible Senior Notes due 2037 for $370 million, 2.00% Convertible Senior Notes due 2043, which, among other things, extended the first put date by four years to December 2017; and
  • the March 20, 2013 Credit Agreement amendment, which reduced interest rates on each of the Company's Term Loan A facility and senior secured revolving credit facility by 100 basis points.
  • Product Approvals:'/>"/>

    SOURCE Hologic, Inc.
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