AngioDynamics F1Q10 (Qtr End 9/30/09) Earnings Call Transcript

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2009-10-06 15:55:15.0

Tags: Call Transcript, Earnings, Caris & Co., Sales Strategy, Sales Force Management, Sales Tools, Sales, Seeking Alpha, AngioDynamics Inc.

Question-and-Answer Session

Operator

(Operator Instructions) Our first question comes from the line of Christopher Warren with Caris & Company.

Christopher Warren - Caris & Co.

Thanks so much and it’s very gratifying to see you guys above the consensus for the quarter. My question is to what extent were maybe an extra selling day or two contributors to your results?

D. Joseph Gersuk

Not significant.

Johannes C. Keltjens

I think it’s like one or two days extra, something along those lines. It’s not material. I think when Joe quoted the -- you know, we estimate the organic growth rate to be approximately 9%, that would pretty much account for all that kind of stuff.

Christopher Warren - Caris & Co.

Perfect, and do you think there were any benefits or impacts this quarter from a smoothing out of what has historically been a bit of an unhealthy sales cycle where the fourth quarter number was particularly big?

Johannes C. Keltjens

Well, I think in the July conference call when I commented on the Q4 sales and we had to report a 2% organic growth rate, I think I said it was probably below where we really are as a company and I think with the 9% we did in the last quarter, we like that number a lot. I think it’s the right way to start the quarter and we are quite pleased with it. So we hope it’s real and we think it’s real.

Christopher Warren - Caris & Co.

And just one last question on the access side, are you seeing any change overall in the pricing for ports and PICCs?

Johannes C. Keltjens

Well, I think what we see in general, and I believe Joe commented on that, that if you want to summarize it, I’d say all products that are on contracts and on purchasing group contracts, stuff like that, there is increasing pressure. I mean, there is certainly a willingness from customers to focus and consolidate suppliers but they would like to see something in return for that, so that’s -- we are certainly seeing that and I think we saw it a little bit stronger in PICCs but I think PICCs, ports, are the kind of products you would expect to see that kind of pressure there, primarily.

Christopher Warren - Caris & Co.

Okay. Thank you very much. Nicely done.

Operator

Your next question comes from the line of Jason Mills with Canaccord Adams.

 

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