EX-99
2
y48794_exhibit.txt
PRESS RELEASE

FOR IMMEDIATE RELEASE
---------------------

-----------------------------------------------
Contacts:

Alfred E. BrennaN, Chief Executive Officer
Arthur L. Herbst, Jr., President
Christine R. Boehning, Chief Financial Officer

(314)-344-0010, Ext. 3133
-----------------------------------------------
                                                        [YOUNG INNOVATIONS
                                                        INC. LOGO]



         YOUNG INNOVATIONS, INC. ANNOUNCES RECORD RESULTS FOR THE FOURTH
                     QUARTER AND DECLARES QUARTERLY DIVIDEND


ST. LOUIS, MO., FEBRUARY 3, 2005 - Young Innovations, Inc. (NASDAQ - YDNT) today
announced record sales, net income and diluted earnings per share for the
quarter ended December 31, 2004.

Sales from continuing operations for the fourth quarter of 2004 were $22.1
million, increasing $2.3 million or 11.7% over the $19.8 million recorded in the
fourth quarter of 2003. This increase resulted from incremental sales from
acquired businesses, solid end-user demand, the implementation of successful
sales and marketing strategies and new product introductions. Net income from
continuing operations increased 9.5% to $4.1 million, compared with $3.8 million
in the fourth quarter of 2003. Diluted earnings per share from continuing
operations increased 12.8% in the fourth quarter of 2004 to $0.44 from $0.39 in
the prior year quarter. Net income grew 28.6% from $3.7 million in the fourth
quarter of 2003 to $4.8 million in 2004. Diluted earnings per share grew 30.8%
from $0.39 for the fourth quarter of 2003 to $0.51 for the fourth quarter of
2004.

Sales from continuing operations for the year ended December 31, 2004 were $79.2
million, up 9.1% from $72.6 million in the prior year. The increase was the
result of incremental sales from acquired businesses and growth in end-user
demand for our products, offset by a reduction in second quarter sales as a
result of our restructuring certain sales incentive programs to dealers. Net
income from continuing operations for fiscal year 2004 was $13.1 million, down
1.1% from $13.3 million in 2003. Diluted earnings per share from continuing
operations were $1.40 for the twelve months ended December 31, 2004, a decrease
of 0.7% from $1.41 in 2003. Net income grew 5.6% from $13.2 million in 2003 to
$13.9 million in 2004. Diluted earnings per share grew 5.7% from $1.40 in 2003
to $1.48 for 2004.

In the fourth quarter of 2004, we completed the sale of the retail segment of
our Plak Smacker subsidiary, recognizing a $0.7 million gain on disposal, net of
transaction costs and taxes. The operating results for current and prior periods
have been moved to discontinued operations. The sales from discontinued
operations for the quarters ended December 31, 2004 and 2003 were $0.7 million
and $1.0 million, respectively. Net income from discontinued operations,
inclusive of the gain on disposal, was $0.7 million for the fourth quarter ended
December 31, 2004, whereas the net loss from discontinued operations for the



fourth quarter ended December 31, 2003 was $13,000. The sales from discontinued
operations for the years ended December 31, 2004 and 2003 were $3.1 million and
$3.6 million, respectively. Net income from discontinued operations, inclusive
of the gain on disposal, for fiscal year 2004 was $0.8 million, and the net loss
from discontinued operations for fiscal year 2003 was $85,000.

Commenting on the quarter and the year, Alfred E. Brennan, Chief Executive
Officer, said, "I am pleased with our strong results for the quarter and the
year. During the quarter we took a number of steps to strengthen our core
business. We substantially completed the consolidation of our preventive
products line from Louisville, Colorado into Earth City, Missouri. In addition,
we divested our retail operations allowing us to better focus on our
professional products business going forward. We believe we have many
opportunities to further strengthen and improve our business in 2005. While we
expect some continued volatility in our results, we expect 2005 earnings per
share to be in the $1.60 to $1.62 range."

On February 2, 2005, the Board of Directors declared a quarterly dividend of
$0.04 per share, payable March 15, 2005 to shareholders of record on February
15, 2004.

A conference call has been scheduled for Friday, February 4 at 11:00 A.M.
Central Time and can be accessed through InterCall at
http://audioevent.mshow.com/210479 or on the Company's website, www.ydnt.com.

Young Innovations develops, manufactures and markets supplies and equipment used
by dentists, dental hygienists, dental assistants and consumers. The Company's
product offering includes disposable and metal prophy angles, prophy cups and
brushes, panoramic X-ray machines, moisture control products, infection control
products, dental handpieces (drills) and related components, endodontic systems,
orthodontic toothbrushes, flavored examination gloves, children's toothbrushes,
and children's toothpastes. The Company believes it is the leading manufacturer
and distributor of prophy angles and cups (used in teeth cleaning and polishing
procedures) in the United States. The Company also believes it is the leading
provider of panoramic X-ray equipment and dental surface disinfectants in the
United States.

Investors are cautioned that this press release as well as other reports and
oral statements by Company officials may contain certain forward-looking
statements as defined in the Private Securities Litigation and Reform Act of
1995. Forward-looking statements include statements which are predictive in
nature, which depend upon or refer to future events or conditions and which
include words such as "expects," "anticipates," "intends," "plans," "believes,"
"estimates," or similar expressions. These statements are not guaranties of
future performance and the Company makes no commitment to update or disclose any
revisions to forward-looking statements, or any facts, events or circumstances
after the date hereof that may bear upon forward-looking statements. Because
such statements involve risks and uncertainties, actual actions and strategies
and the timing and expected results thereof may differ materially from those
expressed or implied by such forward-looking statements. These risks and
uncertainties include, but are not limited to, those disclosed in the Company's
Annual Report on Form 10-K and other reports filed with the Securities and
Exchange Commission.



                                    - MORE -




                                                 Young Innovations, Inc.
                                       Condensed Consolidated Statements of Income
                                     (In Thousands, Except Earnings Per Share Data)
                                                       (Unaudited)

Three Months Ended Year Ended December 31, December 31, 2004 2003 Change 2004 2003 Change ------------------------------- --------------------------------- Net Sales $ 22,078 $ 19,771 11.7% $ 79,201 $ 72,562 9.1% Cost of Goods Sold 9,971 8,906 12.0% 35,851 32,129 11.6% -------------------- --------------------- Gross Profit 12,107 10,865 11.4% 43,350 40,433 7.2% % of Net Sales 54.8% 55.0% 54.7% 55.7% Selling, General and Administrative Expense 5,495 4,826 13.9% 22,219 19,025 16.8% % of Net Sales 24.9% 24.4% 28.1% 26.2% Income from Continuing Operations 6,612 6,039 9.5% 21,131 21,408 (1.3%) % of Net Sales 29.9% 30.5% 26.7% 29.5% Other Income / (Expense) 48 42 144 109 Income Before Taxes 6,660 6,081 9.5% 21,275 21,517 (1.1%) Provision for Income Taxes 2,547 2,326 8,138 8,231 Net Income from Continuing Operations 4,113 3,755 9.5% 13,137 13,286 (1.1%) Net Income (Loss) from Discontinued Operations 698 (13) 797 (85) Net Income $ 4,811 $ 3,742 28.6% $ 13,934 $ 13,201 5.6% % of Net Sales 21.8% 18.9% 17.6% 18.2% Basic Earnings Per Share $ 0.53 $ 0.41 29.3% $ 1.54 $ 1.46 5.5% Basic Earnings Per Share from Continuing Operations $ 0.45 $ 0.41 9.8% $ 1.45 $ 1.47 (1.4%) Basic Earnings Per Share from Discontinued Operations $ 0.08 $ 0.00 $ 0.09 $ (0.01) Basic Weighted Average Shares Outstanding 9,050 9,086 9,040 9,017 Earnings Per Share (Diluted) $ 0.51 $ 0.39 30.8% $ 1.48 $ 1.40 5.7% Diluted Earnings Per Share from Continuing Operations $ 0.44 $ 0.39 12.8% $ 1.40 $ 1.41 (0.7%) Diluted Earnings Per Share from Discontinued Operations $ 0.07 $ 0.00 $ 0.08 $ (0.01) Diluted Weighted Average Shares Outstanding 9,400 9,513 9,409 9,431
- MORE - Young Innovations, Inc. Consolidated Balance Sheet December 31, 2004 and 2003 (In Thousands) (Unaudited) December 31 December 31 Assets 2004 2003 ------------ ------------ Current assets Cash $ 2,552 $ 938 Accounts receivable, net 9,976 11,212 Inventories 10,942 9,017 Other current assets 3,104 3,403 ------------ ------------ Total current assets 26,574 24,570 ------------ ------------ Property, plant and equipment, net 22,137 19,240 Other assets 2,396 847 Intangible assets 5,855 5,824 Goodwill 52,867 51,003 ------------ ------------ Total assets $ 109,829 $ 101,484 ============ ============ Liabilities and Equity Current liabilities Accounts payable and accrued liabilities $ 7,639 $ 9,042 Net liabilities for discontinued operations 43 -- Current maturities of long-term debt -- 2,852 ------------ ------------ Total current liabilities 7,682 11,894 ------------ ------------ Deferred income taxes 7,010 6,627 Stockholders' equity Common stock 90 90 Deferred stock compensation (598) (935) Additional paid-in capital 29,033 28,367 Retained earnings 83,884 71,426 Common stock in treasury, at cost (17,272) (15,985) ------------ ------------ Total stockholders' equity 95,137 82,963 Total liabilities and stockholders' equity $ 109,829 $ 101,484 ============ ============ - END -

The following information was filed by Young Innovations Inc (YDNT) on Friday, February 4, 2005 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.

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