Bio Rad Laboratories Inc. Q3 2007 Earnings Call Transcript

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2007-11-06 21:48:04.0

Tags: Bio-Rad Laboratories Inc.

Question-and-Answer Session

Operator

[Operator Instructions].

And the first question comes from the line of Jason Weiss with Robert W Baird.

Jason Weiss - Robert W. Baird and Company

Good afternoon and congratulations on a great quarter.

Christine A. Tsingos - Vice President and Chief Financial Officer

Thanks Jason.

Jason Weiss - Robert W. Baird and Company

So, clinical diagnostics has steadily improved in terms of growth rate in the past three quarters. Have we turned a corner here? Do you expect this strength to be on going?

Norman D. Schwartz - President and Chief Executive Officer

The strength to be on going you mean continuing to go till we reach the moon or--?

Jason Wess - Robert W. Baird and Company

Continuing in terms of the double digit growth that we have seen in Q3. Do you expect that strength? the momentum of that to continue on?

Norman D. Schwartz - President and Chief Executive Officer

We got pretty good momentum. I think it’s probably a little too much to predict that it would continue at exactly the same rate but we do have pretty good momentum in diagnostics.

Jason Weiss - Robert W. Baird and Company

Okay. Then, I guess, in terms of life sciences, are you expecting a stronger growth performance there in Q4?

Christine A. Tsingos - Vice President and Chief Financial Officer

I think certainly, Q3 was a good quarter for them. We are starting to see the U.S. strengthen. Remember we didn’t see that so much in the first half of the year. And I think that bodes well for continuing forward. What we always combat obviously as is the industry growth rate in academic which is where we are primarily focused as opposed to the big pharma. And those rates are still relatively modest. We still have a bit of a headwind on the BSE side, although, I think that as time goes by that will become less strong so I think that modest improvement is probably is probably doable but still combating some forces beyond our control.

Jason Weiss - Robert W. Baird and Company

Okay. in terms of FX in fact, I don’t know if you've shared this in the past but could you provide a general geographic split of your revenues?

Christine A. Tsingos - Vice President and Chief Financial Officer

You're talking about as reported sales by geography?

Jason Weiss - Robert W. Baird and Company

 

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