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Kendle Delivers Record Sales, Net Service Revenues and Earnings Per Share for Second Quarter 2008
Date:8/6/2008

r enter into new ones, the Company's sales cycle, the effects of exchange rate fluctuations, risks related to non-US operations and other factors described in the Company's filings with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q and the Annual Report on Form 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 Aug. 6, 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 Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Net service revenues $126,989 $97,802 $241,113 $193,241

Reimbursable out-of-pocket

revenues 50,403 41,384 95,092 78,498

Total revenues 177,392 139,186 336,205 271,739

Costs and expenses:

Direct costs 63,523 51,544 122,693 100,943

Reimbursable out-of-pocket costs 50,403 41,384 95,092 78,498

Selling, general and

administrative expenses 43,736 31,748 81,360 61,741

Depreciation and amortization 3,650 3,631 7,005 7,189

Total costs and expenses 161,312 128,307 306,150 248,371

Income from operatio
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SOURCE Kendle International Inc.
Copyright©2008 PR Newswire.
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