The Company's third quarter earnings conference call has been scheduled to take place this morning, August 30, 2012 at 10:30 a.m. Eastern Daylight Time. The live audio cast will be available at the Company's corporate Website, www.bioreference.com and through www.streetevents.com. To listen to the call please go to either Website ten minutes before the conference call is scheduled to begin. You will need to register as well as download and install any necessary audio software. The Web cast will be archived, on both Websites, for 30 days following the call.
About BioReference Laboratories, Inc .
BRLI is a clinical testing laboratory offering testing, information and related services to physician offices, clinics, hospitals, employers and governmental units. We believe that we are the fourth largest full-service laboratory in the United States and the largest independent regional laboratory in the Northeastern market. BRLI offers a comprehensive list of laboratory testing services utilized by healthcare providers in the detection, diagnosis, evaluation, monitoring and treatment of diseases. BRLI primarily focuses on esoteric testing, molecular diagnostics, anatomical pathology, women’s health and correctional health care.
|Bio-Reference Laboratories, Inc.|
|Statements of Operations|
|(Dollars in Thousands Except Per Share Data)|
|Three Months Ended|
|Cost of Sales||86,253||74,597|
|Gross Profit on Revenues||86,049||73,432|
|General and Administrative||63,375||55,023|
|Other Expense, Net||492||416|
|Income Before Taxes||22,182||17,993|
|Income Per Share||$||0.45||$||0.36|
|Number of Shares||27,695,215||27,941,233|
|Income Per Share (Diluted)||$||0.45||$||0.36|
|Number of Shares (Diluted)||27,887,765||28,147,179|
|Nine Months Ended|
|2012||Pro Forma 2011***||Actual 2011|
|Cost of Sales||248,837||211,469||211,469|
|Gross Profit on Revenues||236,772||195,876||195,876|
|General and Administrative||184,044||155,437||155,437|
|Other Expense, Net||1,179||1,103||(5,553||)|
|Income Before Taxes||51,549||39,336||45,992|
|Income Per Share||$||1.05||$||0.79||$||0.93|
|Number of Shares||27,754,771||27,915,189||27,915,189|
|Income Per Share (Diluted)||$||1.05||$||0.79||$||0.92|
|Number of Shares (Diluted)||27,930,202||28,123,558||28,123,558|
***Pro Forma excludes gain from NJ Sales Tax Refund, loss from sale of aircraft and NY State Tax refund.
|Bio-Reference Laboratories, Inc.|
|(Dollars in Thousands)|
|July 31,||October 31,|
|Cash & Cash Equivalents||$||20,238||$||22,013|
|Accounts Receivable (Net)||147,546||148,060|
|Plant, Property & Equipment (Net)||50,001||43,567|
|Intangible Assets (Net)||29,871||30,312|
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