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WuXi PharmaTech Announces Fourth-Quarter and Full-Year 2012 Results, Share Repurchase Program
Date:3/7/2013

SHANGHAI, March 7, 2013 /PRNewswire/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading research and development outsourcing company serving the pharmaceutical, biotechnology, and medical device industries, with operations in China and the United States, today announced its financial results for the fourth quarter and full year of 2012. 

Fourth-Quarter Highlights

  • Net Revenues Increased 15.8% Year Over Year to $125.7 Million
  • Laboratory Services Net Revenues Grew 18.6% Year Over Year to $103.8 Million
  • China-Based Laboratory Services Net Revenues Increased 22.2% Year Over Year to $81.5 Million
  • U.S.-Based Laboratory Services Net Revenues Increased 7.2% Year Over Year to $22.3 Million
  • Manufacturing Services Net Revenues Grew 4.0% Year Over Year to $21.9 Million
  • GAAP Diluted Earnings Per ADS Grew 6.5% Year Over Year to $0.33
  • Non-GAAP Diluted Earnings Per ADS Increased 7.2% Year Over Year to $0.38
  • Full-Year Highlights

  • Net Revenues Increased 22.8% Year Over Year to $499.9 Million
  • Laboratory Services Net Revenues Grew 22.9% Year Over Year to $382.9 Million
  • China-Based Laboratory Services Net Revenues Increased 26.8% Year Over Year to $293.2 Million
  • U.S.-Based Laboratory Services Net Revenues Increased 11.6% Year Over Year to $89.7 Million
  • Manufacturing Services Net Revenues Grew 22.5% Year Over Year to $117.0 Million
  • GAAP Diluted Earnings Per ADS Grew 10.8% Year Over Year to $1.19
  • Non-GAAP Diluted Earnings Per ADS Increased 13.3% Year Over Year to $1.40
  • Company Provides Full-Year 2013 Guidance, Expects 13-15% Year-Over-Year Revenue Growth to $565-$575 Million, 6-9% Year-Over-Year GAAP Diluted Earnings per ADS Growth to $1.26-$1.30, 6-9% Year-Over-Year Non-GAAP Diluted Earnings per ADS Growth to $1.49-$1.53  
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    SOURCE Wuxi PharmaTech Co. Ltd.
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