Cybex International, Inc. said net sales for the first quarter of 2008 increased by 15% to $39.8 million for its first quarter ended March 29, compared to $34.7 million for the corresponding 2007 period. Net income for the quarter was $1.3 million, or 7 cents per diluted share, compared to net income for the first quarter of 2007 of $1.1 million or 6 cents per diluted share.

“The company is pleased with our first quarter 15% growth in sales and 26% increase in operating income,” said John Aglialoro, CYBEX Chairman and CEO. “The gross margins for the quarter improved from Q4 2007 and we will continue our initiatives designed to produce stronger margins.

“Current US and world economic conditions likely will make our corporate goal of double digit growth in sales and earnings more challenging in the short-term. We will closely monitor sales activity and will respond quickly on the cost side if economic conditions produce a slowing of our rate of growth over the next several quarters. For the longer-term, we remain confident that our pipeline of new products and our strategy of developing new markets will continue to be important drivers in promoting strong sales and earnings growth.”