Life Technologies Inc.

BY THE NUMBERS

February 04, 1992

This Gaithersburg company, which sells products used to manufacture pharmaceuticals, said yesterday that its fourth-quarter net income dropped nearly 50 percent, to $2.46 million, or 16 cents a share.

The company blamed much of the decline on termination costs RTC for 40 people who were laid off in the fourth quarter, leading to a $1.2 million restructuring charge.

Life Tech earned $4.84 million, or 33 cents a share, in the same period last year.

Compared with the same period in 1990, sales for the fourtquarter, which ended Dec. 31, increased 12.9 percent, to $44.8 million.

"In a very difficult recessionary year, we had a 13 percent sales increase," said Joseph C. Stokes Jr., a vice president with the biotechnology company. Mr. Stokes also pointed out that without the one-time $1.2 million charge, operating income would have risen to nearly $5.2 million from $5.1 million a year earlier.

Life Tech, one of Maryland's largest biotechnology companies, develops and manufactures 2,000 products used in life sciences research.

Three months ending 12/31/91

.. .. .. ..Revenue.. .. ...Net.. .. .. ...Share

'91 .. ..44,821,000.. ..2,455,000.. .. .. 0.16

'90.. .. 39,694,000.. .4,843,000.. .. ..0.33

% change.. . +12.9.. .. ... -49.3.. .. .. .-51.5

Twelve months ending 12/31/91

.. .. .. ..Revenue.. .. ... Net.. .. .. .. Share

'91.. .. 171,339,000.. .12,125,000.. .. .0.81

'90.. .. 151,636,000.. .15,362,000.. .. ..1.07

% change.. .. +13.0.. .. .. . -21.1.. .. . .-24.3

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