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Young Innovations, Inc. Announces Record Sales and EPS for the Quarter Ended March 31, 2012
Date:4/23/2012

ST. LOUIS, April 23, 2012 /PRNewswire/ -- Young Innovations, Inc. (NASDAQ: YDNT) today announced sales and earnings per share for the quarter ended March 31, 2012. 

Sales for the first quarter of 2012 were $26.8 million, an increase of 2.8% from $26.0 million reported in the first quarter of 2011. Income from operations increased 5.3% to $6.1 million in the first quarter of 2012 from $5.8 million in the first quarter of 2011. Net income increased 5.6% to $4.2 million compared with $4.0 million in the first quarter of 2011. Diluted earnings per share increased 8.0% in the first quarter of 2012 to $0.54 from $0.50 in the prior year quarter.

We are pleased with the Company's sales performance in the quarter. Sales continued to benefit from solid overall demand and recent new product introductions under both our consumable and diagnostic product lines. Favorable product mix and increases in operating efficiencies helped improve our operating income for the quarter. The Company also recognized a gain in the quarter from its private equity investment of approximately $0.04 per share, which was recorded as "other income." In the first quarter of 2011, the Company also recorded a gain of $0.04 per share from the private equity investment.

We remain focused on driving internal growth through enhancing customer relationships, increasing operating efficiencies, and new product development. During the quarter, we continued to focus on the launch of new cup styles under our popular Elite polishing line. We enhanced our e-commerce capabilities to improve our online interactions with customers. We also invested in new capital equipment to increase production capacity. Finally, we ended the quarter with $5.2 million of cash on our balance sheet, up $4.2 million from the end of 2011.

A conference call has been scheduled for Tuesday, April 24, 2012 at 10:00 A.M. C
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SOURCE Young Innovations, Inc.
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