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ResMed Inc. Announces Record Financial Results For The Quarter Ended And Nine Months Ended March 31, 2013
Date:4/25/2013

esMed to defer processing conversions between its common stock and CDI registers from May 15, 2013 through May 21, 2013, inclusive. 

Michael "Mick" Farrell, chief executive officer, commented, "In the third quarter of fiscal 2013 we showed strong year-over-year growth on both top and bottom lines. Revenue in the Americas increased by 13%, to $215.2 million over the prior year's quarter. Revenue outside the Americas was $168.4 million, an increase of 6% (also a 6% increase on a constant currency basis) over the prior year's quarter.  Operating profit for the March quarter was $96.1 million, cash flow from operations was $107.0 million, while gross margin was 62.4%, all demonstrating excellent operating performance. During the quarter, we also repurchased 1.5 million shares, at a cost of $67.3 million, as part of our ongoing capital management program.

"We are confident we have the right product pipeline for the future.  We will be launching an important and exciting new mask this quarter, and expect to launch an additional mask later this calendar year.  Finally, we are pleased to announce the launch of a new product today: VPAP™ COPD.  The VPAP COPD is the first and only home bilevel cleared by the FDA specifically for the treatment of chronic obstructive pulmonary disease (COPD), giving patients and payors a weapon in the fight to keep COPD patients out of the hospital.  We have also developed new ClimateLineMAX™Oxy tubing that connects between the humidifier and mask, with an oxygen line input next to the VPAP COPD device, enhancing comfort and ease of use.  Both of these products will improve the lives of patients suffering from this debilitating and costly chronic disease." 

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