Kendle Delivers Record Net Service Revenues and New Business Authorizations for First Qu... (

Kendle Delivers Record Net Service Revenues and New Business Authorizations for First Quarter 2008

Date:5/7/2008

- Record net service revenues of $114.1 million, up 20% from first quarter

2007

- EPS of $0.38, up 36% from first quarter 2007 - Record new business awards of $180 million, up 20% from first quarter

2007 - Total business authorizations of $917 million, up 31% from first quarter

2007

CINCINNATI, May 7 /PRNewswire-FirstCall/ -- Kendle (Nasdaq: KNDL), a leading, global full-service clinical research organization, today reported financial results for the first quarter ended March 31, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030429/KNDLLOGO )

Net service revenues for the three months ended March 31, 2008, were $114.1 million, an increase of 20 percent over net service revenues of $95.4 million for the same period a year ago. Net income per diluted share for the first quarter 2008 was $0.38 per share, up 36 percent from net income per diluted share of $0.28 for the same period of the prior year.

Income from operations for the three months ended March 31, 2008, was $14.0 million, or 12.2 percent of net service revenues, compared to income from operations of $12.5 million, or 13.1 percent of net service revenues for the same period of the prior year. Significant one-time expense items affecting selling, general and administrative expense in the first quarter of 2008 include costs related to an internal global leadership meeting, stock- based compensation expense related to the issuance of various equity-related awards to certain retirement-eligible Kendle associates and an increase in the bad debt re
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7
Related medicine news :

1. Kendle Promotes Simon S. Higginbotham to President; Appoints Alan J. Boyce as Chief Marketing Officer
2. Kendle Delivers Strong Growth in Revenues, New Business Authorizations and Operating Margin for Full-Year 2007; Announces Guidance for 2008
3. Kendle Invites You to Attend Its Fourth Quarter and Year End 2007 Earnings Conference Call and Webcast
4. Kendle Appoints Industry Veteran to Lead Asia/Pacific Expansion
5. Kendle Delivers Record Sales and Backlog and Strong Growth in Operating Margin for Third Quarter 2007
6. Kendle Appoints Ken Hintze, PhD, Vice President, Global Clinical Safety & Pharmacovigilance
7. Kendle Executive Dennis Hurley, DrSc to Present Keynote Address at DIA Latin American Congress 2007
8. Four Rivers Software Systems Delivers TMS WorkGroup 2008.3.3
9. New York Cigarette Tax Increase Delivers Victory for Kids and Taxpayers
10. FEW Announces Legislative Goals for Remainder of 110th Congress; Delivers Fact Sheets to Legislators
11. Ingenuity Systems Delivers Key Milestones in FDA Collaboration to Facilitate Genomic Data Review

Post Your Comments:

Kendle Delivers Record Net Service Revenues and New Business Authorizations for First Qu...( - Record net service revenues of $11...),Health