CLARENCE, N.Y.--(BUSINESS WIRE)--Greatbatch, Inc. (the “Company”) (NYSE: GB) announced today that, based on the recent receipt from its customers of updated demand forecasts for the balance of the year, it is adjusting its recent 2007 guidance. The Company believes that the revisions to the customers demand forecasts include the impact of inventory adjustments as well as their revised outlooks for the balance of the year. The Company expects full year sales to be in the range of $305 million to $315 million, GAAP EPS of $0.67 - $071 and adjusted EPS of $1.37 - $1.41. The GAAP EPS guidance adjustment for 2007 is primarily due to reduced sales volume. This was partially offset by lower expense ($0.09) associated with a revision to the in-process research and development charge related to the acquisition of Enpath Medical, Inc.
