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Symmetry Medical Announces Preliminary Unaudited Full Year 2010 Revenue

Thu, 02/17/2011 - 4:35am
Bio-Medicine.Org

WARSAW, Ind., Feb. 17, 2011 /PRNewswire/ -- Symmetry Medical Inc. (NYSE: SMA), a leading independent provider of products to the global orthopaedic device industry and other medical markets, announced today preliminary unaudited revenue for the full year ended January 1, 2011.

Symmetry anticipates full year 2010 revenue of approximately $361 million, in line with previously issued guidance of $360 to $364 million.

For the full year 2011, the Company issued revenue guidance of $363 to $383 million, representing annual growth of approximately 1% to 6%.

Symmetry announced anticipated full year 2010 revenue and 2011 revenue guidance in advance of the Company's Investor Breakfast, which is scheduled for 7:30 a.m. PT on Thursday, February 17, 2011.  The Investor Breakfast is being held in conjunction with the American Association of Orthopedic Surgeons (AAOS) Annual Meeting in San Diego, CA.  A live Web cast of the Investor Breakfast will be available online from the investor relations page of the Company's corporate Web site at www.symmetrymedical.com.  After the live Web cast, a replay will remain available on Symmetry Medical's Web site through March 17, 2011.

Symmetry will announce complete financial and operating details of its fourth quarter and the full year ended January 1, 2011, as well as 2011 EPS guidance, before the market opens on Thursday, February 24, 2011. The Company will host an accompanying conference call at 8:00 a.m. ET on Thursday, February 24, 2011.

A live Web cast of the conference call will be available online from the investor relations page of the Company's corporate Web site at www.symmetrymedical.com. The dial-in numbers are (800) 573-4840 for domestic callers and (617) 224-4326 for international. The reservation numbe

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