Utah Medical Products, Inc. Reports Financial Performance for First Quarter 2010

SALT LAKE CITY, April 22, 2010 (GLOBE NEWSWIRE) -- In the first calendar quarter (1Q) of 2010, Utah Medical Products, Inc. (Nasdaq:UTMD) achieved revenues and net cash provided by operations virtually the same as in 1Q 2009. Profitability, however, was lower due to two factors: 1) transition expenses associated with beginning the process of consolidating its Oregon injection molding operations into its Utah molding operations, and 2) a disproportionate amount of shipments during the quarter to China. Profit margins for 1Q 2010 compared to the prior quarter (4Q 2009) and same quarter in the prior year (1Q 2009) follow:
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