FOR IMMEDIATE RELEASE
 
Contacts:

 Alfred E. Brennan, Chairman & Chief Executive Officer
 Arthur L. Herbst, Jr., President & Chief Financial Officer
 
(312) 644-6400

 

Young Innovations, Inc. Announces Record EPS for the Year

St. Louis, MO., February 3, 2010
– Young Innovations, Inc. (NASDAQ –YDNT) today announced record earnings per share for the year ended December 31, 2009.
 
Sales for the fourth quarter of 2009 were $24.5 million, an increase of $0.6 million, or 2.5%, from the $23.9 million reported in the fourth quarter of 2008.  Income from operations increased 13.9% from $4.8 million in the fourth quarter of 2008 to $5.5 million in the fourth quarter of 2009.  Net income increased 13.5% to $3.5 million, compared with $3.1 million in the fourth quarter of 2008.  Diluted earnings per share increased 10.0% in the fourth quarter of 2009 to $0.44 from $0.40 in the prior year quarter.  Diluted earnings per share were affected by equity compensation expense of $0.04 and $0.03 for the quarters ended December 31, 2009 and 2008, respectively.
 
Sales for the year ended December 31, 2009 were $97.7 million, down 1.4% from $99.1 million in the prior year.  Income from operations increased 9.0% from $19.8 million in 2008 to $21.5 million in 2009.  Net income for fiscal year 2009 was $13.5 million, up 10.7% from $12.2 million in the prior year.  Diluted earnings per share were $1.69 for the twelve months ended December 31, 2009, an increase of 11.9% from $1.51 in 2008.  Diluted earnings per share were affected by equity compensation expense of $0.14 and $0.11 for 2009 and 2008, respectively.
 
Healthy demand for our consumable products, which include preventive, infection control, endodontic, micro-applicator and home care product lines, helped increase sales in the fourth quarter of 2009. Sales of our diagnostic product line declined from the prior year quarter, though at a slower rate than the past few quarters. Gross and operating margins benefited in the fourth quarter from a combination of price increases, favorable product mix, and improved operating efficiencies. Sales for the quarter received a minimal foreign exchange benefit, while for the year, a stronger U.S. dollar negatively impacted sales by approximately $557,000.
 
During the fourth quarter, we added sales staff at a majority of our product lines in an effort to expand and enhance customer relationships. Work to increase operating efficiencies included improving manufacturing productivity, implementation of software enhancements and ongoing consolidation work. Continued focus on new product development led to additions to our preventive product line as well as additional infection control products to be launched in the first quarter of 2010.
 
Overall, we are pleased with our ability to achieve growth in earnings throughout the year. We believe our investments to strengthen the company over the last few years have us well-positioned to take advantage of future growth opportunities.
 
A conference call has been scheduled for Thursday, February 4, 2010 at 11:00 a.m. Central Time and can be accessed through InterCall at http://tinyurl.com/yi4q09 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, dental micro-applicators, 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 a leading U.S. manufacturer or distributor of prophy angles and cups, liquid surface disinfectants, dental micro-applicators and obturation units designed for warm, vertical condensation.
 
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 -
 

 

The following information was filed by Young Innovations Inc (YDNT) on Thursday, February 4, 2010 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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