Chattem, Inc. Reports Second Quarter Earnings Per Share before Charges Increase 15%; Revenues Rise 8%; Earnings and Revenue Estimates for Fiscal Year Again Revised Upward.
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Chattem, Inc. Reports Second Quarter Earnings Per Share before Charges Increase 15%; Revenues Rise 8%; Earnings and Revenue Estimates for Fiscal Year Again Revised Upward.
CHATTANOOGA, Tenn. -- Chattem, Inc. (NASDAQ:CHTT), a leading marketer and manufacturer of branded consumer products, announced today financial results for the fiscal second quarter ended May 31, 2005.
Highlights --2nd quarter EPS increases 15%(a); Revenues up 8% --1st half EPS rises 28%(a); Revenues gain 12% --Topical Analgesic portfolio sales increase 38%; Aspercreme up 102% --$6 million litigation charge reversed --Selsun Salon launch announced --FY '05 EPS estimate raised to $2.06-$2.10(a) (a) Before charges discussed below. 2nd Quarter Financial Results Total revenues for the quarter were $75.7 million, operating income before litigation settlement items was $21.5 million and net income before debt extinguishment charge and litigation settlement items was $12.3 million, representing increases of 8%, 9% and 16%, respectively, over the corresponding year-ago results. Earnings per share before debt extinguishment charge and litigation settlement items for...See the full content of this document
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