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AMRI Announces Second Quarter 2012 Results
Date:8/1/2012

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AMRI Chief Financial Officer Mark T. Frost provided contract revenue guidance for the third quarter and full year 2012. "In the third quarter, we expect contract revenue to range from $43 million to $46 million. For the full year 2012, we continue to expect contract revenue to range from $176 million to $186 million, an increase of up to 10% versus 2011."

Mr. Frost continued, "We are forecasting third quarter royalties of $6 to $7 million and have narrowed our full year 2012 range to $32 to $34 million. We are raising again our contract gross margin estimate for the year to range from 8-11% but continue to expect volatility between the quarters related to sales mix. Research and development expense is expected to be $1 million for the year and selling, general, and administrative expense will be reduced by approximately 3% to 5% compared with the prior year. Reflecting the volatility between quarters, our adjusted earnings per diluted share for quarter three is expected to be $(0.04) to zero but we are raising our full year adjusted earnings per diluted share estimate to range from $0.10 - $0.16."

Recent Highlights
Recent noteworthy announcements or milestones at AMRI include the following:

  • Contracted by Cardium Therapeutics and its subsidiary, Tissue Repair Company to manufacture sterile pre-filled syringes in support of the U.S. introduction of Excellagen®
  • Expanded our global medicinal and computational chemistry capabilities in India, complementing the existing capabilities in the U.S. and Singapore
  • Appointed Ian Shott as President of AMRI Europe
  • AMRI India received the SilverShield Award from Abbott Health Care Pvt. Ltd.

    • Second Quarter Conference Call
    The Company will hold a conference call at 10:00 a.m. ET on Wednesday, August 1, 2012, to discuss its quarterly results, business highlights and prospects. During the conference call, the company may discuss information not previousl
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