Water Industry News

Millipore revenue grows 14 percent in quarter


Millipore Corp., based in Billerica, reports its third quarter revenues were $240 million, up 14 percent from the same period in 2004.

For the first nine months, revenue was $735 million, up 12 percent from the same period last year.

Third quarter GAAP earnings per share were $0.44, compared with GAAP earnings per share of $0.50 in the third quarter of last year.

Third quarter results included charges of $7 million, net of taxes, principally for acquisition-related in-process research and development costs, fair value adjustments for acquired inventory, and costs related to the company’s manufacturing consolidation strategy.

Millipore is a bioprocess and bioscience products and services company, organized into two divisions. The Bioprocess division offers solutions that optimize development and manufacturing of biologics; the Bioscience division provides high performance products and application insights that improve laboratory productivity.