Cantel Medical 4Q Profit Surges On Face Mask Sales
LITTLE FALLS, N.J. (AP) ¿ Infection-prevention products maker Cantel Medical Corp. said Friday its fiscal 2009 fourth-quarter profit grew 65 percent on higher sales of disinfectants, sterilants and face masks amid the swine flu outbreak.
Cantel reported net income of $4.3 million, or 26 cents per share, for the three months ended July 31, up from prior year profit of $2.6 million, or 16 cents per share. Revenue rose 4 percent to $66.8 million from $64.3 million.
The company said its results were boosted by improved sales of its face masks amid the outbreak of swine flu ¿ known as the H1N1 virus. The global swine flu epidemic first emerged in April, sickening more than 1 million Americans and killing about 500.
Cantel is one of the largest United States based manufacturers of FDA-cleared face masks.For the full year, the company's profit increased 79 percent to $15.6 million, or 94 cents per share, from $8.7 million, or 53 cents per share, during fiscal 2008. Revenue rose to $260.1 million from $249.4 million. Cantel shares fell 71 cents, or 4 percent, to $17.26 in afternoon trading. The stock has traded between $7.10 and $18.50 over the last 52 weeks.
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