Meridian Bioscience, Inc. (NASDAQ: VIVO):
Meridian Bioscience, Inc., Cincinnati, Ohio (NASDAQ: VIVO) today:
- reported record first quarter net sales of $45.4 million, an increase of 13%, from the same period of the prior fiscal year;
- reported first quarter operating income of $13.1 million, an increase of 34%, over the same period of the prior fiscal year;
- reported first quarter net earnings of $8.5 million, or $0.20 per diluted share, increases of 29% and 25%, respectively, compared to the fiscal 2012 first quarter. When compared to the fiscal 2012 first quarter net earnings on a non-GAAP basis, the fiscal 2013 first quarter net earnings and net earnings per diluted share increased 23% and 18%, respectively. This non-GAAP financial measure excludes the effect of fiscal 2012 first quarter costs associated with the consolidation of its Saco, Maine operations into its Tennessee facility (see non-GAAP financial measure reconciliations); and
- reaffirmed its fiscal 2013 guidance of per share diluted earnings between $0.86 and $0.91 on net sales of $190 million to $195 million.
FINANCIAL HIGHLIGHTS (UNAUDITED) In Thousands, Except per Share Data
Three Months Ended December 31,
|Diluted Earnings per Share||$||0.20||$||0.16||25||%|
|Diluted Earnings per Share excluding|
|effect of plant consolidation costs (Q1-12)||$||0.20||$||0.17||18||%|
|Dec. 31||Dec. 31|
|Cash and Equivalents||$||33,149||$||26,205|
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