Rochester Medical Corporation (ROCM)
F3Q10 (Qtr End 06/30/10) Earnings Call Transcript
July 29, 2010 4:30 pm ET
Anthony Conway – Chairman, CEO and President
David Jonas – CFO, Treasurer and Secretary
Tyson Bauer – Wealth Monitors Incorporated
Beth Lilly – Gabelli
Michael Boulgaris – Boulgaris Investments
Good day, ladies and gentlemen, and welcome to the third quarter 2010 Rochester Medical Corporation earnings call. At this time, all participants are in listen-only mode. (Operator instructions) We will accept your questions at the end of this conference. As a reminder, today's call is being recorded.
I would now turn the call over to Mr. Anthony J. Conway, President and CEO. Please proceed.
Thank you for joining our third quarter conference call today. I am Anthony Conway, the company's President and CEO, and with me is David Jonas, Rochester Medical's Chief Financial Officer.
To start, I will review the highlights of the quarter and then David will present detailed information on the financials and what they signify. And after that, we will be happy to take your questions.
As always, before starting, let me remind you that we will be making some forward-looking statements today. And I would refer you to the Safe Harbor statement found in today’s press release and also to the Risk Factors section in the company's Annual Report on Form 10-K for the year ended September 30th, 2009. These statements further clarify the risks and uncertainties that are associated with the forward-looking statements.
All right. First, let me review the results as reported in the press release. We reported record sales of $10,244,000 for the current quarter compared to $8,908,000 for the third quarter of last year. That's approximately a 17% increase in overall sales on a constant currency basis.