Rochester Medical Reports Record Fourth Quarter and Fiscal Ye... (dent that the Company will be significan...)

Rochester Medical Reports Record Fourth Quarter and Fiscal Year Results

Date:11/13/2012

dent that the Company will be significantly stronger as a result of our decision."

"The Company also announced an update to its three-year strategic plan originally provided in November 2010. From continuing operations the Company now expects Fiscal 2013 revenues to be approximately $67 million and net income to be approximately $7 million. The primary reasons for the change in the strategic plan are the result of the discontinuation of the Foley Catheter line, and to a lesser extent, a more conservative assumption about the performance in our international sales business given the broader economic challenges in Europe."

Conway continued, "As our updated plan indicates, despite the reduction in our expected results of our three-year plan we nonetheless have demonstrated solid growth in fiscal years 2011 and 2012 and, importantly, we continue to grow our business at a robust rate. Total sales are expected to increase 17% year over year after adjusting for the exclusion of Foley Catheter sales in both years, and net income is expected to double from fiscal 2012 given the higher level of profitability we expect to achieve. We are looking forward to a good fiscal 2013."

Conference Call and Webcast
The Company will hold a quarterly conference call on Tuesday, November 13, 2012 to discuss its earnings report. The call will begin at 3:30 p.m., Central Time (4:30 p.m., Eastern Time).

This call is being webcast by Thomson Reuters and can be accessed at Rochester Medical's website at www.rocm.com. To listen live to the conference call via telephone, call:Domestic:

888 679 8038International:

617 213 4850Pass code:

51602204Preregistration: https://www.theconferencingservice.com/prereg/key.process?key=PFBBPA8XAReplay will be available for seven days at www.rocm.com or via telephone at:Domestic:

888 286 8010International:

617 801 6888P
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SOURCE Rochester Medical Corporation
Copyright©2012 PR Newswire.
All rights reserved

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