Medical Action Industries Inc. Reports Second Quarter Fiscal Year 2014 Results

BRENTWOOD, N.Y., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Medical Action Industries Inc. (the "Company") (Nasdaq:MDCI), a leading supplier of medical and surgical disposable products, today reported financial results for the second quarter ended September 30, 2013, including net sales of $108.3 million and gross profit of $18.6 million or 17.2% of net sales. The Company generated net income of $1.1 million or $0.07 per diluted share and EBITDA, as adjusted of $5.1 million. The reported gross profit, net income and EBITDA, as adjusted results represent increases versus the comparable results for the same period of fiscal year 2013.

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