Chattem Q3 net income increases

Wed. October 07, 2009; Posted: 07:15 AM

Oct 07, 2009 (Datamonitor via COMTEX) -- CHTT | Quote | Chart | News | PowerRating -- Chattem, a marketer and manufacturer of branded consumer products, has reported a net income of $23.43 million, or $1.22 per diluted share, for the third quarter ended August 31, 2009, compared to $13.97 million, or $0.73 per diluted share, for the same period of fiscal 2008.

Revenues for the third quarter of fiscal 2009 were $115.17 million, a 2.9% increase, compared to $111.93 million for the same period of fiscal 2008.

Net income for the first nine months of fiscal 2009 was $67.22 million, or $3.48 per diluted share, compared to $49.57 million, or $2.56 per diluted share, for the corresponding period of fiscal 2008. For the first nine months of fiscal 2009, revenues were $353.09 million, compared to $349.42 million in the corresponding period of fiscal 2008, representing a 1.1% increase.

Zan Guerry, chairman and CEO of Chattem, said: "The strength of Gold Bond, ACT, Icy Hot and Cortizone-10 and the successes of our 2009 new product launches for these brands produced another period of strong earnings and operating results.

"The company's domestic business, representing 95% of our total revenues, achieved growth of 3.9% and 3.5% over the year ago nine and three month periods, respectively, when excluding the discontinued Icy Hot Heat Therapy product from the first quarter of fiscal 2008."

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For full details on Chattem Inc (CHTT) click here. Chattem Inc (CHTT) has Short Term PowerRatings of 5. Details on Chattem Inc (CHTT) Short Term PowerRatings is available at This Link.

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