Medical Action Industries Inc. Reports Third Quarter 2012 Results

BRENTWOOD, N.Y.--(BUSINESS WIRE)--Medical Action Industries Inc. (NASDAQ/MDCI), a leading supplier of medical and surgical disposable products, today reported results for the fiscal 2012 third quarter ended December 31, 2011.

Net sales for the third quarter of fiscal 2012 were $112,969,000, an increase of $8,492,000, or 8%, compared to the $104,477,000 in net sales reported for the comparable prior year period. Net sales for the third quarter of fiscal 2012 included $34,905,000 in custom procedure tray sales generated by AVID Medical Inc. (“AVID”), which was acquired by Medical Action on August 27, 2010. Excluding sales of custom procedure trays, Medical Action’s net sales for the third quarter of fiscal 2012 were $78,064,000, representing an increase of $6,691,000, or 9%, from the comparable prior year period.

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