American Medical Systems Reports 20 Percent Second Quarter Revenue Growth; Record Revenues of $79 Million Exceed Expectations for Quarterly Performance.MINNEAPOLIS -- American Medical Systems Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMMD AMMD Aerodynamic Mass Median Diameter ) reported preliminary sales of $78.8 million for the second quarter of 2006, a 20.0 percent increase over sales of $65.6 million in the comparable quarter of 2005. Preliminary sales for the first six months of 2006 were reported at $152.4 million, a 19.3 percent increase over sales of $127.8 million for the comparable period of 2005. Martin J. Emerson, President and Chief Executive Officer, commented, "Both our men's and women's pelvic health businesses contributed to global quarterly sales in excess of our previously communicated expectations. Erectile restoration and male continence continence /con·ti·nence/ (kon´tin-ens) the ability to control natural impulses.con´tinent con·ti·nence n. 1. Self-restraint; moderation. 2. sales grew at a premium in the quarter versus our estimated annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for those product lines. In our women's pelvic health business, the $8 million of growth in the quarter was driven by strong sales performance in both prolapse prolapse Protrusion of an internal organ out of its normal place, usually of the rectum or uterus outside the body when supporting muscles weaken. The membrane lining the rectum can push out through the anus, most often in old people with constipation who strain during repair and uterine uterine /uter·ine/ (u´ter-in) pertaining to the uterus. u·ter·ine adj. Of, relating to, or in the region of the uterus. health, product lines which recorded both year over year and sequential quarterly growth." Emerson continued, "In early June, AMS AMS - Andrew Message System announced its intention to acquire Laserscope, a significant strategic investment for the Company in the field of obstructive benign prostatic hyperplasia benign prostatic hyperplasia n. Abbr. BPH A nonmalignant enlargement of the prostate gland commonly occurring in men after the age of 50, and sometimes leading to compression of the urethra and obstruction of the flow of urine. . While that pending transaction has indeed required significant attention from employees across AMS, our second quarter's revenue performance evidences our continued commitment to deliver on our core growth strategy." Earnings Call Information American Medical Systems will host a conference call on July 27, 2006 at 5:00 p.m. eastern time to discuss its second quarter 2006 results. Those without internet access See how to access the Internet. may join the call from within the U.S. by dialing 800-886-7217; outside the U.S., dial 706-679-3821. A live webcast of the call will be available through the Company's corporate website at www.AmericanMedicalSystems.com and available for replay three hours after the completion of the call. About American Medical Systems American Medical Systems, headquartered in Minnetonka, Minnesota is a diversified supplier of medical devices and procedures to cure erectile dysfunction Erectile Dysfunction Definition Erectile dysfunction (ED), formerly known as impotence, is the inability to achieve or maintain an erection long enough to engage in sexual intercourse. , benign prostatic hyperplasia, incontinence, menorrhagia menorrhagia /men·or·rha·gia/ (men?ah-ra´jah) hypermenorrhea. men·or·rha·gia n. See hypermenorrhea. , prolapse and other pelvic disorders in men and women. These disorders can significantly diminish one's quality of life and profoundly affect social relationships. In recent years, the number of people seeking treatment has increased markedly as a result of longer lives, higher quality-of-life expectations and greater awareness of new treatment alternatives. American Medical Systems' products reduce or eliminate the incapacitating in·ca·pac·i·tate tr.v. in·ca·pac·i·tat·ed, in·ca·pac·i·tat·ing, in·ca·pac·i·tates 1. To deprive of strength or ability; disable. 2. To make legally ineligible; disqualify. effects of these diseases, often through minimally invasive therapies. The Company's products were used to provide approximately 170,000 patient cures in 56 countries during 2005. More information about the Company and its products can be found at its website www.AmericanMedicalSystems.com and in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 2005 and its other SEC filings.
American Medical Systems Holdings, Inc.
Selected Sales Information
(In millions)
Three Months Ended Six Months Ended
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July 1, July 2, July 1, July 2,
2006 2005 2006 2005
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Sales
Product line
Men's health $45.9 $40.8 $90.6 $81.4
Women's health 32.9 24.8 61.8 46.4
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Total $78.8 $65.6 $152.4 $127.8
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Geography
United States $60.0 $50.7 $117.0 $99.1
International 18.8 14.9 35.4 28.7
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Total $78.8 $65.6 $152.4 $127.8
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Percent of total sales
Product line
Men's health 58% 62% 59% 64%
Women's health 42% 38% 41% 36%
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Total 100% 100% 100% 100%
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Geography
United States 76% 77% 77% 78%
International 24% 23% 23% 22%
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Total 100% 100% 100% 100%
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