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Kendle Announces First Quarter 2009 Results
Date:5/6/2009

57,977 59,170 Reimbursable out-of-pocket costs 36,958 44,689 Selling, general and administrative expenses 38,030 37,624 Depreciation and amortization 3,958 3,355 Total costs and expenses 136,923 144,838 Income from operations 8,138 13,975 Other income (expense): Interest expense (3,876) (4,437) Interest income 230 252 Other 3,163 (2,608) Total other (expense) (483) (6,793) Income before income taxes 7,655 7,182 Income taxes 6,769 3,078 Net income $886 $4,104 Income per share data: Basic: Net income per share $0.06 $0.28 Weighted average shares outstanding 14,842 14,690 Diluted: Net income per share $0.06 $0.27 Weighted average shares outstanding 14,975 14,975 Reconciliation of proforma net income: Net income $886 $4,104 Additional interest expense due to adoption of APB 14-1 1,672 1,520 Discrete tax item related to foreign currency hedge 4,441 - Proforma net income (2) $6,999 $5,624 Proforma net income per share (2) Basic $0.47 $0.38 Diluted $0.47 $0.38
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SOURCE Kendle International Inc.
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