Close

Search

Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Hologic Posts Earnings of $625M

Facebook Twitter LinkedIn Email
BEDFORD, Mass., May 1, 2014 — Diagnostics firm Hologic Inc. saw its revenues increase 2 percent to $625 million in its second fiscal quarter, powered largely by its 3-D mammography technology.

Breast health revenues grew 8.5 percent to $238.7 million, while skeletal health revenues rose 4.7 percent to $23.5 million. The company attributed the increases to growing sales of bone densitometry and 3-D mammography systems. Partially offsetting these increases was an expected overall sales decline of 2-D systems.

Meanwhile, diagnostics revenues fell 1.9 percent to $290.8 million and gynecological surgical revenues dropped 2.2 percent to $72.0 million. The company attributed the decline to loss of revenue from subsidiary Lifecodes, which it sold a year ago for $10.6 million, and decreases in pap test sales in the US. Partially offsetting these declines were increased sales of the Aptima product line and blood screening revenues.

“To be clear, we still have plenty of work to do in order to consistently improve our operating results, achieve long-term growth and maximize value creation,” said President and CEO Stephen MacMillan.

The company closed its second quarter March 29; it expects third-quarter revenues of $615 million to $625 million. Eric Compton was recently appointed chief operating officer, and Claus Egstrand was recently named senior vice president and international general manager.

Photonics.com
May 2014
AmericasBiophotonicsbone densitometryBusinessHologic Inc.imagingRapidScan3-D mammographyLifecodes

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.