CLARENCE, N.Y.–(BUSINESS WIRE)–Greatbatch, Inc. (NYSE: GB) today announced results for its third quarter ended September 30, 2011:
Sales increased 3% over the prior year to $131.7 million, driven by 26% Vascular Access and 11% Orthopaedic growth.
GAAP Operating Income decreased 2% while Adjusted Operating Income increased 2% over the prior year.
GAAP and Adjusted Diluted EPS increased 20% and 21%, respectively, over the prior year.
Generated strong operating cash flow of $21 million and repaid $10 million of long-term debt.