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CONMED Corporation Announces Second Quarter 2009 Financial Results

UTICA, NY, Jul 30, 2009 (MARKETWIRE via COMTEX) — CONMED Corporation (NASDAQ: CNMD) today announced financial results for the second quarter of 2009.

Sales for the second quarter ended June 30, 2009 were $164.6 million compared to $192.8 million in the same quarter of 2008. GAAP diluted earnings per share were $0.05 compared to $0.40 in the second quarter of 2008. Non-GAAP diluted earnings per share equaled $0.17 compared to non-GAAP diluted earnings per share of $0.43 in the 2008 second 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.

For the six months ended June 30, 2009, sales were $328.6 million compared to $383.5 million in the first six months of 2008. GAAP diluted earnings per share were $0.20 for year-to-date June 2009 compared to $0.76 in the same period of 2008. Non-GAAP diluted earnings per share were $0.36 for the 2009 six-month period compared to $0.83 in 2008.

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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