Span-America Medical Systems, Inc. Reports Fourth Quarter and Fiscal 2008 Results
Published: Oct 31, 2008
GREENVILLE, S.C.--(BUSINESS WIRE)--Span-America Medical Systems, Inc. (NASDAQ:SPAN) today reported its results for the fourth quarter and fiscal year ended September 27, 2008. The company reported fourth quarter 2008 sales of $15.0 million and net income of $1.3 million, or $0.45 per diluted share. Sales for fiscal year 2008 were $59.3 million, and net income was $4.9 million, or $1.70 per diluted share. Last year’s fourth quarter results included a one-time, non-cash impairment charge of $2.9 million ($1.9 million, or $0.67 per share, after tax) related to the exit and proposed sale of the company’s safety catheter business.