SOURCE: Phibro Animal Health Corporation

Phibro Animal Health Corporation

February 13, 2009 12:31 ET

Phibro Animal Health Corporation Interim Results for the Six Months Ended December 31, 2008

RIDGEFIELD PARK, NJ--(Marketwire - February 13, 2009) - Phibro Animal Health Corporation ("Phibro" or the "Company") today announced its interim results for the six months ended December 31, 2008.

The Company's sales of $269 million increased $33 million, or 14%, over the same period last year. Animal health and nutrition sales of $218 million increased $25 million, or 13%, over last year. Performance products sales of $51 million increased $8 million, or 19%, over last year. Sales increased due to unit volume growth and the pass through of raw material cost increases.

The Company's operating profitability continued to improve, with growth over last year. Jack C. Bendheim, Chairman and President, commented: "Our financial performance shows that our products provide a valuable economic return despite the difficult market conditions many of our customers are facing. We are pleased with the progress we have made during these turbulent times."

ABOUT THE COMPANY

PAHC is a diversified global manufacturer and marketer of a broad range of animal health and nutrition products to the poultry, swine and cattle markets. PAHC is also a manufacturer and marketer of performance products for the ethanol, wood preservation and personal care industries. For more information, please visit www.pahc.com.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements, including statements regarding management's expectations and beliefs regarding the future results or performance of the Company. Because these statements apply to future events, they are subject to risks and uncertainties. When used in this announcement, the words "anticipate," "believe," "estimate," "expect," "expectation," "project" and "intend" and similar expressions are intended to identify such forward-looking statements. Our actual results could differ materially from those projected in the forward-looking statements. Additionally, you should not consider past results to be an indication of our future performance. We do not intend to update any of the forward-looking statements after the date of this announcement to conform these statements to actual results, to changes in management's expectations or otherwise, except as may be required by law.

Contact Information

  • For further information please contact:
    Phibro Animal Health Corporation
    Richard Johnson
    Chief Financial Officer
    Email Contact
    +1 201 329 7300