UTICA, NY, Apr 23, 2009 (MARKET WIRE via COMTEX) — CONMED Corporation (NASDAQ: CNMD) today announced financial results for the first quarter of 2009.
Sales for the first quarter ended March 31, 2009 were $164.1 million compared to $190.8 million in the same quarter of 2008. GAAP diluted earnings per share were $0.15 compared to $0.35 in the first quarter of 2008. Non-GAAP diluted earnings per share equaled $0.19 compared to non-GAAP diluted earnings per share of $0.40 in the 2008 first quarter. As discussed below under “Use of Non-GAAP Financial Measures,” the Company presents various non-GAAP financial measures in this release. Investors should consider non-GAAP measures in addition to, and not as a substitute for, or superior to, financial performance measures prepared in accordance with GAAP. Please refer to the attached reconciliation between GAAP and non-GAAP financial measures.