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

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BRENTWOOD, N.Y., Feb. 5, 2014 (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 third quarter ended December 31, 2013, including net sales of $110.0 million and gross profit of $20.2 million or 18.4% of net sales. The Company generated net income of $1.9 million or $0.12 per diluted share and EBITDA, as adjusted of $6.0 million.

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