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American Medical Systems Holdings

Medical device company revenue exceeds $62M

Published in Health Business Week, May 27th, 2005

American Medical Systems Holdings, Inc., (AMMD) reported record sales of $62.1 million for the first quarter of 2005, a 31.3% increase over sales of $47.3 million in the comparable quarter of 2004 (with 1.5 percentage points of the increase coming from currency exchange rate changes).

Net income in the quarter was a record $11.2 million, or $0.16 per share, up 40.1% from $8.0 million or $0.12 per share, in the comparable quarter of 2004.

Martin J. Emerson, president and CEO, commented, "We are pleased with the significant first quarter growth realized worldwide across our broad product portfolio. New products contributed significantly to our fast...

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