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Healthcare company announces record revenue and income results

Published in TB and Outbreaks Week, September 7th, 2004

ResMed Inc. (NYSE:RMD) announced record revenue and income results for the quarter and year ended June 30, 2004.

Revenues for the June 30, 2004, quarter were $92.9 million, a 23% increase over the quarter ended June 30, 2003, excluding the impact of nonrecurring revenues of approximately $5.0 million related to the severe acute respiratory syndrome (SARS) outbreak in China in fiscal 2003. Including SARS-related revenue in the quarter ended June 2003, revenues increased by 15%.

Income from operations and net income for the June 30, 2004, quarter grew to $24.5 million and $15.9 million respectively, an increase of 32% and 17%. Earnings per share, on a...

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