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Symmetry Medical Reports Fourth Quarter and Full Year 2010 Financial Results
Date:2/24/2011

WARSAW, Ind., Feb. 24, 2011 /PRNewswire/ -- Symmetry Medical Inc. (NYSE: SMA), a leading independent provider of products to the global orthopaedic device industry and other medical markets, announced fourth quarter and full year 2010 financial results for the period ended January 1, 2011.Fourth QuarterTotal Year(In millions, except per share data)

2010

2009

Change2010

2009

ChangeRevenue

$ 96.0

$ 76.4

26%$ 360.8

$ 365.9

-1%Operating Income

9.0

1.2

684%28.2

36.3

-22%Net Income

4.3

0.6

674%14.0

21.8

-36%EPS

$ 0.12

$ 0.02

500%$ 0.39

$ 0.61

-36%Non-GAAP*Operating Income(1)

9.1

3.1

192%29.2

39.2

-26%Net Income(2)

4.9

1.8

166%15.1

23.6

-36%EPS(2)

$ 0.14

$ 0.05

180%$ 0.42

$ 0.66

-36%Revenue by ProductInstruments

$42.3

$ 32.0

32%$ 145.4

$ 166.7

-13%Implants

26.2

24.8

6%111.3

108.0

3%Cases

21.6

14.8

46%81.7

68.5

19%Other

5.9

4.8

23%22.4

22.7

-1%Total Revenue

$ 96.0

$ 76.4

26%$ 360.8

$ 365.9

-1%* See "Non-GAAP Financial Measures" below.

(1) Excludes facility consolidation and severance costs incurred in 2010 and 2009.  

(2) Excludes facility consolidation and severance costs incurred in 2010 and 2009, as well as debt extinguishment costs incurred in 2010.Revenue for the fourth quarter 2010 was $96.0 million, up 25.6% compared to $76.4 million in the same period last year and up 4.8% on a sequential basis from $91.5 million in the third quarter 2010.  The year-over-year revenue growth reflects improved customer demand
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SOURCE Symmetry Medical Inc.
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