Biomet

Biomet reports 5% increase in sales

Published in Health Business Week, October 20th, 2006

Biomet, Inc., (BMET) reported record sales and earnings results for its first quarter ended August 31, 2006.

Net sales increased 5% to $508,161,000. Operating income increased 2% to $155,043,000 from $151,410,000, and on an adjusted basis increased 7% to $159,269,000. Net income increased 2% to $102,830,000 from $100,299,000. and increased 6% on an adjusted basis to $106,815,000. Diluted earnings per share increased 5% to $0.42 from $0.40, and increased 10% on an adjusted basis to $0.44. Reported earnings per share for the first quarter of fiscal year 2007 includes a $.02 per share impact related to SFAS 123 Share-Based Payment.

Effective June 1,...

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Source: Health Business Week (2006-10-20)

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