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Mindray Announces Third Quarter 2013 Financial Results
Date:11/4/2013

ficer. "Reagent sales continued to climb this quarter, highlighting our success in ramping up this recurring IVD revenue. We are also excited to launch our first-generation immunoassay product, which further strengthened our IVD product offerings."

SUMMARY – Third quarter 2013(in $ millions, except per-share data)

Three Months EndedSeptember 302013

2012

% chgNet Revenues

296.3

257.1

15.3%Net Revenues Generated in China

132.0

117.7

12.1%Net Revenues Generated in International Markets

164.3

139.4

17.9%Gross Profit

165.1

144.0

14.7%Non-GAAP Gross Profit

167.2

145.2

15.2%Operating Income

50.5

39.1

29.3%Non-GAAP Operating Income

57.4

53.5

7.4%EBITDA

64.7

48.3

33.8%Net Income

30.1

35.8

-15.9%Non-GAAP Net Income

57.4

50.1

14.5%Diluted EPS

0.25

0.30

-16.8%Non-GAAP Diluted EPS

0.47

0.42

13.3%Net RevenuesMindray reported net revenues of $296.3 million for the third quarter of 2013, a 15.3% increase from $257.1 million in the third quarter of 2012.

  • Net revenues generated in China increased 12.1% to $132.0 million from $117.7 million in the third quarter of 2012.
  • Net revenues generated in the international markets increased 17.9% to $164.3 million from $139.4 million in the third quarter of 2012.
  • Performance by SegmentPatient Monitoring & Life Support Products: Net revenues in this segment increased 6.2% to $110.3 million from $103.8 million in the third quarter of 2012, contributing 37.2% to total net revenues in the third quarter of 2013.

    In-Vitro Diagnostic Products: Net revenues in this segment increased 14.2% to $83.0 million from $72.6 million in the th
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    SOURCE Mindray Medical International Limited
    Copyright©2012 PR Newswire.
    All rights reserved

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