According to R. Scott Jones, Cantel’s President and CEO, “We were pleased with our continued core revenue growth in the second quarter, as well as the first half of 2008. Our growth in earnings from an EBITDAS¹ perspective was 15% (to $8,223,000) for the quarter and 19% (to $16,069,000) for the first half of the year, compared to the same periods last year. We have made significant investments in marketing and sales during the past six months, as well as in recent acquisitions, and anticipate realizing the benefits from these initiatives in the coming quarters.”

The Company further reported that its balance sheet at January 31, 2008 included current assets of $83,609,000, including cash of $14,208,000, a current ratio of 2.6:1, a ratio of funded debt to equity of .41:1, debt of $66,800,000 and stockholders’ equity of $163,784,000.

Cantel Medical Corp. is a leading provider of infection prevention and control products in the healthcare market. Our products include specialized medical device reprocessing systems for renal dialysis and endoscopy, dialysate concentrates and other dialysis supplies, disposable infection control products primarily for the dental industry, water purification equipment, sterilants, disinfectants and cleaners, hollow fiber membrane filtration and separation products for medical and non-medical applications, and specialty packaging for infectious and biological specimens. We also provide technical maintenance for our products and offer compliance training services for the transport of infectious and biological specimens.

The Company will hold a conference call to discuss the results for the second quarter ended January 31, 2008 on Thursday, March 6, 2008 at 11:00 AM Eastern time. To participate in the conference call, dial 1-877-407-8035 approximately 5 to 10 minutes before the beginning of the call. If you are unable to participate, a digital replay of the call will be available from Thursday, March 6 at 2:00 PM through midnight on March 7, by dialing 1-877-660-6853 and using passcode #286 and conference ID #276770. The call will be simultaneously broadcast live over the Internet on vcall.com at http://www.vcall.com/IC/CEPage.asp?ID=126619. A replay of the webcast will be available on Vcall for 30 days.

For further information, visit the Cantel website at www.cantelmedical.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties, including, without limitation, the risks detailed in Cantel's filings and reports with the Securities and Exchange Commission. Such forward-looking statements are only predictions, and actual events or results may differ materially from those projected or anticipated.

¹ A reconciliation of net income to earnings before interest, taxes, depreciation, amortization and stock-based compensation expense (“EBITDAS”) and a description of this measure and the reasons for presenting it, as well as its limitations, are set forth in “Supplementary Information” included as part of this press release.

CANTEL MEDICAL CORP.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
	Three Months Ended								Six Months Ended
	January 31,								January 31,
	2008				2007				2008				2007
Net sales	$	60,910			$	51,635			$	120,915			$	102,119
Cost of sales		39,424				32,114				78,223				64,429
Gross profit		21,486				19,521				42,692				37,690
Expenses:
Selling		6,836				5,729				13,625				11,439
General and administrative		8,967				8,058				17,924				15,596
Research and development		961				1,222				1,951				2,388
Total operating expenses		16,764				15,009				33,500				29,423
Income from continuing operations before
interest and income taxes		4,722				4,512				9,192				8,267
Interest expense		1,255				759				2,477				1,522
Interest income		(150	)			(160	)			(297	)			(450	)
Income from continuing operations
before income taxes		3,617				3,913				7,012				7,195
Income taxes		1,460				1,661				2,916				3,220
Income from continuing operations		2,157				2,252				4,096				3,975
Income from discontinued operations, net of tax		-				18				-				263
Net income	$	2,157			$	2,270			$	4,096			$	4,238
Earnings per common share - diluted
Continuing operations	$	0.13			$	0.14			$	0.25			$	0.25
Discontinued operations		-				-				-				0.01
Net income	$	0.13			$	0.14			$	0.25			$	0.26
Weighted average shares - diluted		16,386				16,064				16,359				16,052

CANTEL MEDICAL CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
	January 31,			July 31,
	2008			2007
Assets
Current assets	$	83,609		$	76,731
Property and equipment, net		38,550			38,577
Intangible assets		45,090			44,615
Goodwill		109,555			102,073
Other assets		1,588			1,675
	$	278,392		$	263,671
Liabilities and stockholders' equity
Current portion of long-term debt	$	7,000		$	6,000
Other current liabilities		25,058			29,971
Long-term debt		59,800			51,000
Other long-term liabilities		22,750			21,630
Stockholders' equity		163,784			155,070
	$	278,392		$	263,671

SUPPLEMENTARY INFORMATION
Reconciliation of Earnings Before Interest, Taxes, Depreciation, Amortization and Stock-Based
Compensation Expense ("EBITDAS")
The reconciliation of EBITDAS with net income for the three and six months ended January 31, 2008 and 2007,
respectively, is as follows (in thousands):
	Three Months Ended								Six Months Ended
	January 31,								January 31,
	2008				2007				2008				2007
Net income	$	2,157			$	2,270			$	4,096			$	4,238
Income from discontinued operations, net of tax		-				(18	)			-				(263	)
Income from continuing operations		2,157				2,252				4,096				3,975
Income taxes		1,460				1,661				2,916				3,220
Interest expense		1,255				759				2,477				1,522
Interest income		(150	)			(160	)			(297	)			(450	)
Depreciation		1,530				1,239				2,975				2,517
Amortization		1,460				1,146				2,859				2,299
Loss on disposal of fixed assets		49				9				49				9
EBITDA		7,761				6,906				15,075				13,092
Stock-based compensation expense		462				217				994				415
EBITDAS	$	8,223			$	7,123			$	16,069			$	13,507

EBITDAS is a measure of the Company's performance that is not required by, or presented in accordance with, Generally Accepted Accounting Principles ("GAAP"). EBITDAS is a non-GAAP financial measure defined by the Company as income from continuing operations before interest, taxes, depreciation, amortization and stock-based compensation expense. The Company believes EBITDAS is an important valuation measurement for management and investors given the increasing effect that non-cash charges such as stock-based compensation, amortization related to acquisitions and depreciation of capital equipment has on the Company's net income. In particular, the acquisitions completed during our fiscal 2007 and the three months ended October 31, 2007 has resulted in a significant increase in amortization of intangible assets that reduced the Company's net income during the three and six months ended January 31, 2008, as compared with the three and six months ended January 31, 2007. Additionally, the Company regards EBITDAS as a useful measure of operating performance and cash flow before the effect of interest expense, which increase in interest expense for the periods presented primarily related to borrowings for recent acquisitions, and complements operating income, net income and other GAAP financial performance measures. Generally, a non-GAAP financial measure is a numerical measure of a Company's performance, financial position or cash flow that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. This measure, however, should be considered in addition to, and not as a substitute or superior to, net income, cash flows, or other measures of financial performance prepared in accordance with GAAP.