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Kendle Announces Third Quarter 2009 Results
Date:11/4/2009

the statement to actual results or changes in the Company's expectations.

                             Kendle International Inc.
                   Condensed Consolidated Statement of Income
                     (In thousands, except per share data)
                                   (Unaudited)

                               Three Months Ended         Nine Months Ended
                                  September 30,               September 30,
                               -------------------        -------------------
                                 2009      2008(1)          2009      2008(1)
                               --------   --------        --------   --------
    Net service revenues       $104,588   $124,828        $320,042   $365,941
    Reimbursable out-of-pocket
     revenues                    29,172     56,254         100,934    151,346
                               --------   --------        --------   --------
    Total revenues              133,760    181,082         420,976    517,287
                               --------   --------        --------   --------

    Costs and expenses:
      Direct costs               48,914     64,070         162,096    186,763
      Reimbursable
       out-of-pocket costs       29,172     56,254         100,934    151,346
      Selling, general and
       administrative expenses   35,854     40,649         109,110    122,009
      Restructuring expense         380          -           6,386          -
      Depreciation and
       amortization               3,907      4,240          11,802     11,245
                               --------   --------        --------   --------
      Total costs and
       expenses                 118,227    165,213         390,328    471,363
                               --------   --------        --------   --------

    Income from operations       15,533     15,869          30,648     45,924

    Other expense:
      Interest expense           (3,462)    (3
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SOURCE Kendle International Inc.
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