Millipore Corp.’s (NYSE:MIL) focus on selling consumables rather than big-ticket capital equipment paid off during the fourth quarter and full year 2009, as the Billerica, Mass.-based lab instruments maker posted strong sales and earnings numbers.
Fourth-quarter net income rose 41.2 percent to $43.9 million, or 78 cents per diluted share, compared with $31.1 million, or 56 cents per diluted share, during Q4 2008. Sale for the three months ended Dec. 31, 2009, rose 7.4 percent to $426 million, compared with $396.8 million during the same period last year, despite there being six fewer business days during Q4 2009.