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CryoLife's CEO Discusses Q1 2011 Results - Earnings Call Transcript

CryoLife Inc. ( CRY)

Q1 2011 Earnings Call

April 28, 2011 10:00 am ET

Executives

Steve Anderson – Chairman, President & CEO

Ashley Lee – Executive VP, COO, CFO & Treasurer

Analysts

Matt Dolan – Roth Capital Partners

Joe Munda – Sidoti & Company

Tim Lee – Piper Jaffray

Raymond Myers – Benchmark

Presentation

Operator

Greetings and welcome to the CryoLife First Quarter 2011 Financial Results Conference Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator instructions) As a reminder this conference is being recorded.

It is now my pleasure to introduce your host, Steve Anderson, President and CEO for CryoLife. Thank you. Mr. Anderson, you may begin.

Steve Anderson

Good morning, everyone and welcome to CryoLife’s First Quarter Conference Call. This is Steve Anderson; CryoLife’s CEO and with me today is Ashley Lee, CryoLife’s Executive VP, COO and CFO.

This morning we reported record first quarter revenues of $30.2 million and earnings of $0.06 per share. Ashley will discuss these results in more detail in a few minutes.

The agenda for today’s call is as follows. Ashley will discuss the results of the first quarter by product line and the financial implications for the potential acquisition of Cardiogenesis. I’ll discuss the recently announced planned acquisition of Cardiogenesis and the first quarter sales of PerClot, our new powdered hemostat that we acquired last September. I’ll also discuss the progress in the launch of BioFoam in Europe and I’ll discuss BioGlue in Japan.

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