Kendle Delivers Record Net Service Revenues and New Business Authorizations for First Qu...(m 10-K. No assurance can be given that t...),Health

Date:5/7/2008

m 10-K. No assurance can be given that the Company will be able to realize the net service revenues included in backlog and verbal awards. Kendle believes that its aggregate backlog and verbal awards are not necessarily a meaningful indicator of future results. All information in this release is current as of May 7, 2008. The Company undertakes no duty to update any forward-looking statement to conform 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

March 31,

2008 2007

Net service revenues $114,124 $95,439

Reimbursable out-of-pocket revenues 44,689 37,114

Total revenues 158,813 132,553

Costs and expenses:

Direct costs 59,170 49,399

Reimbursable out-of-pocket costs 44,689 37,114

Selling, general and administrative

expenses 37,624 29,993

Depreciation and amortization 3,355 3,558

Total costs and expenses 144,838 120,064

Income from operations 13,975 12,489

Other income (expense):

Interest expense (2,917) (4,344)

Interest income 252 310

Other (2,608)
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SOURCE Kendle International Inc. Copyright©2008 PR Newswire. All rights reserved

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