CLARENCE, N.Y.--(BUSINESS WIRE)--Greatbatch, Inc. (NYSE: GB) today announced results for its third quarter ended
September 30, 2011: “We delivered another quarter of solid operating results and benefitted from lower interest expense and effective tax rate” •Sales increased 3% over the prior year to $131.7 million, driven by 26% Vascular Access and 11% Orthopaedic growth. •GAAP Operating Income decreased 2% while Adjusted Operating Income increased 2% over the prior year. •GAAP and Adjusted Diluted EPS increased 20% and 21%, respectively, over the prior year. •Generated strong operating cash flow of $21 million and repaid $10 million of long-term debt.
September 30, 2011: “We delivered another quarter of solid operating results and benefitted from lower interest expense and effective tax rate” •Sales increased 3% over the prior year to $131.7 million, driven by 26% Vascular Access and 11% Orthopaedic growth. •GAAP Operating Income decreased 2% while Adjusted Operating Income increased 2% over the prior year. •GAAP and Adjusted Diluted EPS increased 20% and 21%, respectively, over the prior year. •Generated strong operating cash flow of $21 million and repaid $10 million of long-term debt.
