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

0

GOOD

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:5/17/2013)... JERUSALEM , May 17, 2013 ... a developer of oral drug delivery systems, announced today ... has cleared the Company,s Investigational New Drug application(IND) for ... very pleased to have the FDA clearance to proceed," ... Oramed. "The upcoming trial is a major milestone for ...
(Date:5/17/2013)... , May 17, 2013  Boston Scientific Corporation ... at the annual EuroPCR Scientific Program May 21-24 in ... pleased to present a particularly rich and diversified set ... Keith Dawkins , M.D., global chief medical officer, ... will be presented, including the NG PROMUS trial, which ...
(Date:5/16/2013)... MECHELEN, Belgium , May 17, 2013 ... ABBV ) announced today an extension of ... Galapagos will fund and complete a Phase 2 program ... progression into Phase 3.  Upon successful completion of the ... $50 million.  The terms of the collaboration extension are ...
Breaking Medicine Technology:Oramed Receives FDA Clearance to Initiate Oral Insulin Trials in the U.S. 2Oramed Receives FDA Clearance to Initiate Oral Insulin Trials in the U.S. 3Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 2Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 3Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 4Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 5Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 6Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 7Boston Scientific Schedule of Major Events and Presentations at EuroPCR 2013 8AbbVie and Galapagos Extend GLPG0634 Collaboration to Include Crohn's Disease 2AbbVie and Galapagos Extend GLPG0634 Collaboration to Include Crohn's Disease 3AbbVie and Galapagos Extend GLPG0634 Collaboration to Include Crohn's Disease 4AbbVie and Galapagos Extend GLPG0634 Collaboration to Include Crohn's Disease 5AbbVie and Galapagos Extend GLPG0634 Collaboration to Include Crohn's Disease 6
... (Nasdaq: HOLX ) today announced that Rob ... the 2010 Morgan Stanley Global Healthcare Conference on Tuesday, ... Interested parties are invited to listen to the live ... section of the company,s website at www.hologic.com/investors-overview . ...
... Fall Conference at Maui, Hawaii From September 1 -... -- CHENGDU, China, Aug. 30 /PRNewswire-Asia-FirstCall/ -- ... ... lpUnit=,PRN,; --> ... = function(data) { var s = ,; var first_result; // Results are keyed by longUrl, so ...
Cached Medicine Technology:Tianyin To Attend ROTH Fall Conference at Maui, Hawaii From September 1 - September 6 2Tianyin To Attend ROTH Fall Conference at Maui, Hawaii From September 1 - September 6 3Tianyin To Attend ROTH Fall Conference at Maui, Hawaii From September 1 - September 6 4Tianyin To Attend ROTH Fall Conference at Maui, Hawaii From September 1 - September 6 5Tianyin To Attend ROTH Fall Conference at Maui, Hawaii From September 1 - September 6 6
(Date:5/18/2013)... Orlando, FL (May 18, 2013) There are ... procedures commonly used to diagnose or treat gastrointestinal ... Week (DDW). , A study by New ... that more objective testing may substantially reduce the ... (GERD). Although GERD is believed to affect nearly ...
(Date:5/18/2013)... Today, Zane Benefits, Inc. published ... in Marketplaces . Zane Benefits, which provides comprehensive ... benefits, is the leader in health care reform, ... arrangements . , According to Zane Benefits’ website, ... recently released a much-anticipated statement and Q&A on ...
(Date:5/18/2013)... York, NY (PRWEB) May 18, 2013 After ... consistent efforts, SizeItUp formally announced the integration of ... redesigned 2012 Hyundai Genesis is set to stun the automobile ... and style. 2012 Hyundai Genesis is marked as the latest ... and heads the vehicles lined up for the year 2013. ...
(Date:5/18/2013)... May 18, 2013 Although obesity is ... the association between obesity and esophageal adenocarcinoma, a type ... obesity-related tumors. As reported on Cancer.gov, last ... almost twice as likely as those of normal and ... relationship between obesity and esophageal cancer is not well ...
(Date:5/18/2013)... TX (PRWEB) May 18, 2013 Show And ... years of various different training systems that is all about ... has caught the attention of http://ShowAndGoTrainingReview.com ’s Stan ... Training is a unique “four phase system” designed to ... minimum amount of time spent working out in the gym. ...
Breaking Medicine News(10 mins):Health News:New research identifies practice changes to improve value and quality of GI procedures 2Health News:Zane Benefits Publishes New Information on Insurance Agents’ Role in Marketplaces 2Health News:Zane Benefits Publishes New Information on Insurance Agents’ Role in Marketplaces 3Health News:Zane Benefits Publishes New Information on Insurance Agents’ Role in Marketplaces 4Health News:Renowned Rim Fitments Provider SizeItUp Launched Database Integrations for the 2012 Hyundai Genesis 2Health News:hCGtreatments / Diet Doc Hcg Diets & Weight Loss Plans Announces New Prescription Hcg Diet Plans Designed to Trim Inches and Thus Reduce the Risk of Esophageal Cancer 2Health News:hCGtreatments / Diet Doc Hcg Diets & Weight Loss Plans Announces New Prescription Hcg Diet Plans Designed to Trim Inches and Thus Reduce the Risk of Esophageal Cancer 3Health News:Show And Go Training: Review Examining Eric Cressy's Workout Program Revealed 2
... XLHealth, owner of one of the nation,s largest Medicare ... improving the quality of care for seniors with chronic ... to serve as its vice president of contracting and ... for the establishment, strategic planning, and management for the ...
... 2009 Shire plc (LSE: SHP, NASDAQ: SHPGY), the ... Phase 3b study that found VYVANSE (lisdexamfetamine dimesylate) CII ... a simulated workplace environment study in adults with Attention ... approved stimulant for adults with ADHD to be evaluated ...
... , Partnership to Fund $240 Million in New Services, ... , , MANASSAS, Va. and WINSTON-SALEM, N.C. ... the Federal Trade Commission and the Virginia Attorney General, ... Novant Health of North Carolina, both non-profit organizations, announced ...
... Christian Children,s Fund, one of the world,s ... The new name takes effect today. , , ... strategy to meet the needs of children today and tomorrow. ... million children and family members in 31 countries. , ...
... , Unified Blue Cross Blue Shield Brand Strengthens Competitive Position , ... Virgin Islands , , SAN JUAN, Puerto ... GTS ) today announced that Triple-S Salud, Inc., its managed ... assets of La Cruz Azul de Puerto Rico, Inc. for approximately $10.5 ...
... Web-Based Fraud Prevention Tools Can Reduce Medical Identity Theft , ... Corporation , a leading provider of data enhancement, verification, ... to assist health care organizations prepare for enforcement of the ... , (Logo: http://www.newscom.com/cgi-bin/prnh/20090701/PH40278LOGO ) , , According ...
Cached Medicine News:Health News:XLHealth Appoints New Vice President of Contracting and Provider Relations 2Health News:VYVANSE CII provided significant efficacy at 14 hours in adults with ADHD 2Health News:VYVANSE CII provided significant efficacy at 14 hours in adults with ADHD 3Health News:VYVANSE CII provided significant efficacy at 14 hours in adults with ADHD 4Health News:Prince William Health System Completes Merger With Novant Health to Expand Quality Health Care in Northern Virginia 2Health News:Prince William Health System Completes Merger With Novant Health to Expand Quality Health Care in Northern Virginia 3Health News:Christian Children's Fund Name Change to ChildFund International Official 2Health News:Triple-S Management Corporation Completes Acquisition of La Cruz Azul de Puerto Rico, Inc. 2Health News:Triple-S Management Corporation Completes Acquisition of La Cruz Azul de Puerto Rico, Inc. 3Health News:Triple-S Management Corporation Completes Acquisition of La Cruz Azul de Puerto Rico, Inc. 4Health News:CDYNE XML Web Services Help Organizations Comply with FTC Red Flags Rule 2Health News:CDYNE XML Web Services Help Organizations Comply with FTC Red Flags Rule 3
... 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 ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... 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 ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: