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.