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Hologic Announces Third Quarter Fiscal 2013 Operating Results
Date:8/5/2013

e. When analyzing the Company's operating performance, investors should not consider these non-GAAP measures as a substitute for the comparable financial measures prepared in accordance with GAAP.

"We are pleased our third quarter revenues were in-line with and our EPS exceeded guidance. Although we have lowered expectations for the remainder of the fiscal year, I am confident we have the necessary platforms and breadth of assets to drive organic growth and deliver strong profitability," said Jack Cumming, President and Chief Executive Officer. "We are committed to improving our performance and execution in order to capitalize on the opportunities in the changing market landscape and position Hologic for success. Our customers worldwide are embracing our 3D breast tomosynthesis technology, and we continue to extend our market leadership position in molecular diagnostics. We are focused on strategies that will allow us to return capital to our shareholders, while still capitalizing on the many opportunities that lie ahead. We are very well positioned to deliver enhanced value for our customers, patients and shareholders."

Third Quarter Fiscal 2013 Revenue Overview by Segment (As Compared to the Third Quarter Fiscal 2012):

  • Diagnostics revenues increased 87.4% to $297.4 million, compared to $158.7 million in the prior year. Sales growth was driven primarily by the inclusion of Gen-Probe revenues of $146.9 million, partially offset by a decrease in legacy Diagnostics product sales, primarily ThinPrep. Gen-Probe revenues no longer include the LIFECODES business, which was divested on March 22, 2013. LIFECODES revenues historically approximated $10 to $12 million per quarter.
  • Breast Health revenues grew 8.8% to $230.0 million compared to $211.5 million in the prior year. Revenue growth was driven by: a $13.1 million, or 9.7%, increase in product revenues primarily as a result of strong 3D Dimensions system sales; and service revenue grow
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  • SOURCE Hologic, Inc.
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