Greatbatch, Inc. Reports Fourth Quarter and Full Year 2008 Results

CLARENCE, N.Y.–(BUSINESS WIRE)–Greatbatch, Inc. (NYSE: GB – News), today announced results of operations for the fourth quarter and full year ended January 2, 2009.

Business Highlights

Record sales of $146.6 million for the fourth quarter and $546.6 million for the full year 2008.
GAAP EPS of $0.36 per share and Adjusted EPS of $0.50 per share for the quarter.
GAAP EPS of $0.81 per share and Adjusted EPS of $1.40 per share for the year.
Cash flow from operations of $10.1 million for the fourth quarter, $57.1 million for the year.

“Our 2008 results reflect the continued successful execution of our strategic plan. Despite the turmoil in the broader economy, our diversification strategy and focus on delivering innovative solutions for our customers enabled us to drive improved operating performance,” stated Thomas J. Hook, President & CEO of Greatbatch. “We are satisfied with the progress we have made on the integration of our acquisitions. In addition, we remain committed to ongoing improvements in our operating performance through further leveraging our diversified revenue base, continued facility consolidation, and product development activities. I believe we have set a solid foundation to further strengthen and expand our position in the marketplace and we remain confident in Greatbatch’s future growth opportunities.”

Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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