The company reported total revenues of $691.5 million for the quarter ended March 31, 2009, a decrease of 5.3%, compared to $730.5 million for the quarter ended March 31, 2008.
Scott Garrett, chairman, president and CEO of Beckman Coulter, said: “Approximately 80% of our revenue is recurring, which continued to grow at 5% on a constant currency basis giving us confidence that we will achieve our full year earnings goals. Within the quarter, an increase in pension expense, legal settlements and a strengthening dollar were offset by effective currency hedging, a favorable product mix and determined expense management.
“Despite a difficult operating environment which constrained top-line growth, adjusted net earnings per fully diluted share grew over 9%, adjusted EBITDA increased 13% and operating cash flow was $106 million, up $44 million.”