Hologic Inc. Q2 2009 Earnings Call Transcript

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2009-08-03 18:14:20.0

Tags: Hologic Inc., Call Transcript, Earnings, Capital Equipment, Citigroup Inc., Personal Finance, Financial Services, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Amit Bhalla - Citi.

Amit Bhalla – Citi

I wanted to start with a question just about guidance. You’ve mentioned a couple times that for fiscal 2010 you’re looking for more meaningful contributions from some of the new products that you’ve had approvals on. I was hoping you could maybe step back and maybe give us qualitative thoughts on the overall business top and bottom line for 2010. Not necessarily specific guidance but just, maybe give us an idea of where you think growth rates might shake out.

Jack Cumming

I’ll ask Rob to talk in broad terms because obviously we’re not going to go through guidance. Plus the fact is, as all of you guys know, we go through the budgeting process right now, and we make our presentations to our Board in September. So, everything clearly is not fine tuned we certainly and I want to refer back to the fact is that we’re still facing a very tough economy.

Even with the prognostications in the paper about things are getting better, it’s going to start happening at the end of this fiscal year, the fact that we’re out of a recession doesn’t mean that the recovery is going to be, a hockey stick. It is going to be a very, very slow recovery at least that is my belief and hospitals I think are going to still be severely constrained. So, with that, let me turn it to Rob and see if he wants to add a lid more color to that.

Rob Cascella

Really we are in the process as we speak of putting together our planning and budgeting for the next year. So, it’s a little bit premature to try to speak to even trends for next year other than that we are certainly expecting the businesses that did well this year will continue to do well.

We’re very cautious about our capital equipment business and will certainly manage that from a profitability perspective more than anything else in term of revenues. So, without being evasive about it, the preference would be that we deferential our fourth quarter call, to really talk in more comprehensive way about 2010.

Amit Bhalla – Citi

Okay and just my follow up would be, any comments in terms of the economic weakness on procedure volumes affecting your disposables business and second, GE has their new mammography manufacturing facility up and running in New York. Are you seeing any sort of impact on their ability to now deliver products to customers faster? Thanks.

 

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