DATE: February 16, 2006
Balanced Fourth Quarter Revenue Growth Drives 43 Percent Operating Income Increase
MINNEAPOLIS, February 16, 2006 — American Medical Systems Holdings, Inc. (NASDAQ: AMMD) reported record sales of $73.1 million for the fourth quarter of 2005, a 21.7 percent increase over sales of $60.0 million in the comparable quarter of 2004.
The Company reported fourth quarter 2005 net income of $14.6 million, or $0.20 per share. The prior year’s fourth quarter earnings were reported at $6.7 million, or $0.09 per share. These prior year earnings include a $4.5 million investment impairment charge, with no associated tax benefit. Net income for fourth quarter 2004, adjusted for this charge, was $11.2 million, or $0.16 per share. Net income growth, as adjusted, was 30.1 percent. A reconciliation of GAAP earnings to these adjusted results is included in the attached financial tables.
Sales for the full year 2005 were $262.6 million, up 25.8 percent from sales of $208.8 million during 2004. TherMatrx, Inc, the Company’s July 2004 acquisition, contributed 5.9 percentage points to that annual growth rate for the 2005 period for which no comparable year sales were reported.
The net income reported for the year 2005 was $39.3 million, or $0.55 per share. This reported net income includes the third quarter impact of a $9.2 million in-process research and development (IPR&D) charge related to the Ovion Inc. acquisition. The reported net loss for 2004 was $3.1 million, or $0.05 per share, including the $35.0 million IPR&D charge related to the TherMatrx, Inc. acquisition and the previously mentioned investment impairment charge. As adjusted for these charges in both years, net income for 2005 was $48.5 million, or $0.68 per share, up 33.3 percent from $36.4 million, or $0.52 per share, in 2004. A reconciliation of GAAP earnings to these adjusted results is included in the attached financial tables.
Martin J. Emerson, President and Chief Executive Officer, commented, “This past year was one of significant achievement at AMS. In our fourth quarter, we established ourselves as the market leader in minimally-invasive prostate therapies. Our pelvic organ prolapse repair systems fundamentally changed how surgeons around the world think about solutions for their patients. Our male continence products reached a broader pool of patients than ever before. Our uterine health growth, after obtaining January 2005 reimbursement, reinforced our focus on meeting the need for therapies appropriate to the office. We are now more diversified than ever before as we closed 2005 with nearly 40 percent of our revenues from our women’s pelvic health business.”


The following information was filed by American Medical Systems Holdings Inc on Thursday, February 16, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Medical Systems Holdings Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Medical Systems Holdings Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account