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Kendle Delivers Strong Growth in Revenues, New Business Authorizations and Operating Margin for Full-Year 2007; Announces Guidance for 2008
Date:2/27/2008

- Net service revenues for 2007 up 40% to $397.6 million - Gross new business awards of $664 million for the year represent growth

at nearly two times the reported sector growth rate

- Record total business authorizations of $869 million represent an increase of 32% from year-end 2006 and a 5% increase from the previous

quarter - Operating margin of 13% for 2007 up more than 600 basis points from 2006

- 2007 EPS of $1.26 (GAAP) and $1.61 (proforma)

CINCINNATI, Feb. 27 /PRNewswire-FirstCall/ -- Kendle (Nasdaq: KNDL), a leading, global full-service clinical research organization, today reported financial results for the fourth quarter and full year ended Dec. 31, 2007.

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

Net service revenues for fourth quarter 2007 were approximately $104.3 million, an increase of 21 percent over net service revenues of approximately $86.4 million for fourth quarter 2006. Net income per diluted share for fourth quarter 2007 was $0.43 per share compared with a loss of $0.32 per share for the same period of the prior year. The fourth quarter 2007 net income per diluted share includes a charge for amortization of acquired intangibles related to the August 2006 acquisition of the Phase II-IV clinical services business of Charles River Laboratories International, Inc. (CRLCS). Excluding this item, which is detailed in the Condensed Consolidated Statements of Income, net income per diluted share for fourth quarter 2007 was $0.47 per diluted share. Included in the 2006 fourth quarter net loss per diluted share is amortiza
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SOURCE Kendle International Inc.
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