Navigation Links
Symmetry Medical Reports Third Quarter 2009 Financial Results
Date:11/5/2009

.

Gross margin percentage for the third quarter 2009 was 24.4% compared to gross margin percentage of 22.9% in the same period last year. Gross margin improved despite the significantly lower volume. Aggressive cost cutting actions as well as significant improvements at the Sheffield, UK operating site drove the increase.

Selling, general and administrative expenses declined in the third quarter 2009 to $10.8 million, a 28.7% reduction from $15.2 million in the third quarter 2008. The year-over-year decrease in the third quarter 2009 was driven primarily by aggressive cost controls as well as a $1.6 million reduction in performance based compensation and restricted stock expense. Additionally, the third quarter 2008 included $0.9 million from Sheffield, UK investigation costs which did not repeat in 2009.

Operating income for the third quarter 2009 was $10.4 million compared to $10.5 million for the third quarter 2008. Operating margin of 12.0% for the third quarter 2009 was up from 9.4% for the third quarter 2008.

The third quarter 2009 included a non-cash gain of $0.2 million for the mark to market of the Company's interest rate derivative, compared to a non-cash gain of $1.0 million in the third quarter 2008. Other expense of $0.7 million in the third quarter 2009 compares to $3.1 million in the third quarter 2008. The primary driver of this expense is realized and unrealized foreign exchange.

Income tax expense for the third quarter 2009 was $2.9 million, compared to $3.2 million for the third quarter of 2008.

Net income for the third quarter 2009 was $5.4 million, or $0.15 per diluted share, up from net income of $2.5 million, or $0.07 per diluted share, for the third quarter of 2008.

The weighted average number of diluted shares outstanding during the third quarter of 2009 was 35,620,317.

Brian Moore, President and Chief Executive Officer of Symmetry Medical, stated, "W
'/>"/>

SOURCE Symmetry Medical Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8

Related medicine technology :

1. Symmetry Medical Updates Full Year 2009 Financial Guidance
2. Symmetry Medical to Report Third Quarter 2009 Financial Results on November 5, 2009
3. Cantel Medical Corp. to Present at the Sidoti Emerging Growth Research Institutional Investor Forum
4. Sarnova Acquires Metropolitan Medical to Expand Portfolio of Specialty Health Care Products
5. ATS Medical to Participate in the 2009 Canaccord Adams Cardiovascular Conference
6. CMS Admits New Surety Bond and Accreditation Requirement for Home Medical Equipment Suppliers Creating Patient Access Issues
7. AACE Issues New Medical Guidelines for Proper and Ethical Use of Growth Hormone
8. Medical Equipment Company Owner Pleads Guilty to Fraud Scheme Involving Nutritional Supplies and "Arthritis Kits"
9. Medical Imaging Solutions Firm Dicom Solutions Ranks No. 109 on the Inc. 500
10. ATS Medical Announces Third Quarter 2009 Results
11. Texas Cardiac Arrhythmia Institute at St. Davids Medical Center First in the United States to Utilize Newly FDA-Cleared CARTO(R) 3 Navigation System
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/6/2015)... 2015 Hologic, Inc. (NASDAQ: HOLX ) ... financial results for the third quarter of fiscal 2015 ... In conjunction with the release, management will host a ... Interested participants may listen to the call ... ) or 719-325-4804 (for international callers) and referencing ...
(Date:7/6/2015)... FARMINGTON, Conn. , July 6, 2015 ... biopharmaceutical company developing targeted, receptor-specific peptide therapeutics for ... need and commercial potential, today announced that it ... E warrants to purchase 21,917,808 shares of its ... 2,191,781 shares of its common stock.  Certain funds ...
(Date:7/6/2015)... July 6, 2015  Impax Laboratories, Inc. (NASDAQ: ... Ph.D. has resigned from the Company,s Board of Directors ... was a co-founder of Impax in 1995 and served ... October 2006 until April 2014. Logo - ... Impax,s President and Chief Executive Officer stated, "We wish ...
Breaking Medicine Technology:Hologic to Announce Financial Results for the Third Quarter of Fiscal 2015 on Wednesday, July 29, 2015 2Palatin Technologies Completes $30 Million Financing 2Palatin Technologies Completes $30 Million Financing 3Palatin Technologies Completes $30 Million Financing 4Palatin Technologies Completes $30 Million Financing 5Impax Announces Resignation of Larry Hsu, Ph.D. from Board of Directors 2Impax Announces Resignation of Larry Hsu, Ph.D. from Board of Directors 3Impax Announces Resignation of Larry Hsu, Ph.D. from Board of Directors 4Impax Announces Resignation of Larry Hsu, Ph.D. from Board of Directors 5
... , , ... schedule of events at the Cardiovascular Research Foundation,s (CRF) annual ... 21st to Friday, September 25th, in San Francisco, CA. at ... world,s largest events for those performing cardiac diagnostics and interventions. ...
... 11 /PRNewswire-FirstCall/ - (OTCBB: GVBP.OB) - GENova Biotherapeutics, Inc., ... destroying breast cancer cells, using stem cell technology. , ... us to identify the protein expression in the original ... ability to identify the molecular markers of these cells ...
Cached Medicine Technology:InfraReDx to Showcase the LipiScan(TM) Coronary Imaging System at the Cardiovascular Research Foundation's (CRF) Annual Transcatheter Cardiovascular Therapeutics (TCT) Scientific Meeting 2New stem cell identification technology could cure breast cancer 2
(Date:7/3/2015)... ... 03, 2015 , ... The Erie County Bar Association Institute ... The Association welcomed speaker C. Daniel McGillicuddy Esq. of William Mattar Law Offices. ... investigating these types of cases. , Each year, New York State residents are ...
(Date:7/3/2015)... ... , ... Talcum powder attorneys representing clients in national lawsuits announce the launch ... website. Just as the previous version did, the new website will serve as a ... ovarian cancer warning information. The site is routinely updated with news articles on talcum ...
(Date:7/3/2015)... ... July 03, 2015 , ... First Choice Emergency Room ... Mariah N. Manzanares, MD as the new Medical Director of its Frisco facility. , ... of our Frisco facility,” said Dr. James M. Muzzarelli, Executive Medical Director of First ...
(Date:7/3/2015)... Texas (PRWEB) , ... July 03, 2015 , ... Yisrayl ... a new article this week that he says will reveal biblical truth and expose ... titled “Why Does Your Bible Say Don’t Have Sex”, immediately goes into the core ...
(Date:7/3/2015)... ... ... The Celebrity Dresses is currently running a promotion through July 30th. Anyone who orders ... to get 10% discount on orders that are over $100. , The promotion is ... codes or remember redemption codes. , There is a low price guarantee at ...
Breaking Medicine News(10 mins):Health News:Attorney from William Mattar Leads Discussion on Bicycle Accidents 2Health News:Talcum Powder Lawsuit News: Cancer Attorneys Launch Updated Mobile Site 2Health News:Talcum Powder Lawsuit News: Cancer Attorneys Launch Updated Mobile Site 3Health News:First Choice Emergency Room Announces Dr. Mariah N. Manzanares as Medical Director of Frisco, TX Facility 2Health News:First Choice Emergency Room Announces Dr. Mariah N. Manzanares as Medical Director of Frisco, TX Facility 3Health News:Yisrayl Hawkins Explains What the Bible Really Says about Sex in New Publication This Week 2Health News:Celebrity Fashion Summer Party Dresses on sale at TheCelebrityDresses.com 2
... and their ... caregivers this spring, SALINE, Mich., Feb. 15 My ... classes.,The Learning Center is proud to offer over 20 classes covering a ... Rosa Lee, owner of My Urban Toddler (MUT), believes learning during the,first ...
... high efficiency particle air (HEPA) filters along with ... cardiovascular health, according to researchers in Denmark. In ... filters for just two days significantly improved a ... elderly individuals. , Reduction of particle exposure by ...
... Feb. 15 Concentric Medical,Inc., the global leader in ... the addition of Kimberly Bridges to its,management team as ... $15 million,line of credit., "We are delighted to ... and CEO of Concentric Medical. "Concentric is,entering a very ...
... who showed that a single prostate specific antigen (PSA) test ... prostate cancer up to 25 years later, (regardless of clinical ... used to predict advanced prostate cancer. , The findings, ... help physicians identify which men would benefit from intensive screening. ...
... CBM ) reports fourth quarter and full-year 2007 results,for the period ... http://www.newscom.com/cgi-bin/prnh/20000613/CAMBREXLOGO ), Summary, -- Fourth quarter 2007 ... currency) compared to fourth quarter 2006. Full year sales were ... compared to 2006. -- Gross Margin for the quarter ...
... National Penn Bancshares Inc. (NASD:,NPBC) will replace Bradley ... 600 after the close of trading on Thursday, February ... to close on or about that date,pending final approvals., ... post any relevant,updates on its website: http://www.standardandpoors.com ., ...
Cached Medicine News:Health News:Learning Takes Center Stage at My Urban Toddler 2Health News:Using HEPA filters may improve cardiovascular health 2Health News:Early warning: PSA testing can predict advanced prostate cancer 2Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 2Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 3Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 4Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 5Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 6Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 7Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 8Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 9Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 10Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 11Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 12Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 13Health News:Cambrex Reports Fourth Quarter and Full-Year 2007 Results 14Health News:Standard & Poor's Announces Change to U.S. Index 2
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: