Selected Quarterly Financial and Supplementary Data (Tables)

12 Months Ended

Dec. 31, 2012

CAMBREX CORPORATION AND SUBSIDIARIES

SELECTED QUARTERLY FINANCIAL AND SUPPLEMENTARY DATA - UNAUDITED

(in thousands, except share and per share data)

	1st			2nd		3rd			4th
	Quarter			Quarter		Quarter			Quarter (1)
2012
Gross sales	$	70,559		$	77,142	$	59,841		$	70,389
Net revenues		70,228			77,133		59,210			69,930
Gross profit		22,428			28,445		18,531			21,083
Income from continuing operations		7,038			9,928		2,021			44,242
Loss from discontinued operations (2)		-			-		(332	)		(594	)
Net income		7,038			9,928		1,689			43,648

Earnings per share of common stock:(3)
Basic		0.24			0.34		0.06			1.46
Diluted		0.24			0.33		0.06			1.42
Average shares:
Basic		29,602			29,623		29,711			29,874
Diluted		29,886			29,912		30,587			30,717

	1st			2nd		3rd			4th
	Quarter			Quarter		Quarter			Quarter
2011
Gross sales	$	61,654		$	67,484	$	58,203		$	67,134
Net revenues		60,585			68,382		59,155			67,531
Gross profit		17,455			19,057		17,829			19,743
Income from continuing operations		2,855			4,757		3,094			3,029
Loss from discontinued operations (2)		(146	)		-		(333	)		(2,288	)
Net income		2,709			4,757		2,761			741

Earnings per share of common stock:(3)
Basic		0.09			0.16		0.09			0.03
Diluted		0.09			0.16		0.09			0.02
Average shares:
Basic		29,448			29,419		29,483			29,520
Diluted		29,518			29,493		29,528			29,711

(1)	Income from continuing operations includes the reversal of a valuation allowance on deferred tax assets of $36,287 and the impact on deferred taxes of a statutory rate change of $1,328.

(2)	Discontinued operations includes charges for environmental remediation related to sites of divested businesses.

(3)	Earnings per share calculations for each of the quarters are based on the weighted average number of shares outstanding for each period. As such, the sum of the quarters may not necessarily equal the earnings per share amount for the year.