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Mindray Announces 2012 Fourth Quarter and Full Year Results
Date:2/25/2013

tax benefit)

61.7

51.8

19.0%

211.7

178.8

18.4%Diluted EPS

0.47

0.40

17.6%

1.50

1.41

6.9%Non-GAAP Diluted EPS

0.51

0.44

17.3%

1.77

1.57

12.3%Fourth Quarter 2012 ResultsRevenuesMindray reported net revenues of $316.1 million for the fourth quarter of 2012, a 19.7% increase from $264.1 million in the fourth quarter of 2011.

  • Net revenues generated in China increased 25.9% to $148.1 million from $117.6 million in the fourth quarter of 2011.
  • Net revenues generated in the international markets increased 14.7% to $168.0 million from $146.5 million in the fourth quarter of 2011.
  • Performance by SegmentPatient Monitoring and Life Support Products: Revenues in this segment increased 13.0% to $135.0 million from $119.5 million in the fourth quarter of 2011, contributing 42.7% to the total net revenues in this quarter.

    In-Vitro Diagnostic Products: Revenues in this segment increased 29.8% to $82.9 million from $63.9 million in the fourth quarter of 2011, contributing 26.2% to the total net revenues in this quarter. Reagents sales represented 36.9% of this segment's revenues.

    Medical Imaging Systems: Revenues in this segment increased 15.8% to $75.4 million from $65.1 million in the fourth quarter of 2011, contributing 23.8% to the total net revenues in this quarter.

    Others: The other revenues increased 45.3% to $22.8 million from $15.7 million in the fourth quarter of 2011, contributing 7.3% to the total net revenues in this quarter. Other revenues mainly include sales from the orthopedics business, service revenues from extended warranties, sales of accessories and repair service revenues for post-warranty period.

    Gross MarginsFourth quarter 2012 gross profit was $182.8 million, a 27.7% increase from $143.1 million in the fourth quarte
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    SOURCE Mindray Medical International Limited
    Copyright©2012 PR Newswire.
    All rights reserved

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