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Sales were up 18%
November 4, 2011
By: Tim Wright
Cambrex 3Q11 3Q Revenues: $59.2 million (+24%) 3Q Earnings: $2.8 million (loss of $1.5 million 3Q10) YTD Revenues: $188.1 million (+16%) YTD Earnings: $10.2 million (+104%) Comments: Sales were up 18% in the quarter, excluding a 7% favorable impact of foreign exchange. Growth was primarily due to higher volumes of an API for a customer who experienced a disruption in its supply chain for most of 2010. Increases were partially offset by lower pricing across several product categories, lower sales of generic APIs, and lower custom development shipments.
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