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Kendle Announces Fourth Quarter and Full-Year 2010 Results
Date:3/2/2011

s, excluding goodwill impairment and restructuring charges, income from operations for full-year 2010 was $10.6 million compared with $45.7 million for full-year 2009.

On a GAAP basis, net loss for full-year 2010 was $4.6 million or $0.31 per share, which included $0.22 per share related to the restructuring charge and $0.48 per share related to the goodwill impairment charge. Net income for the full-year 2009 was $15.2 million or $1.02 per diluted share, which included $0.45 per share of restructuring charges. On a non-GAAP basis, net income, as adjusted, was $6.0 million or $0.40 per diluted share compared with net income of $22.0 million or $1.47 per diluted share for full-year 2009.

Fourth Quarter and Full-Year 2010 Conference Call and Webcast DetailsKendle will host its Fourth Quarter and Full-Year 2010 conference call and Webcast on March 3, 2011 at 1:00 p.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed at www.kendle.com. A replay of the Webcast will be available at www.kendle.com shortly after the call for on-demand replay through 5 p.m. Eastern Time on April 4, 2011.

Use of Non-GAAP Financial MeasuresThis press release contains adjustments to income (loss) from operations, net income (loss) and net income (loss) per share, calculated in accordance with generally accepted accounting principles ("GAAP") in the United States. These adjusted or "pro forma" results are and should be read in connection with the reconciliation provided in this press release. We believe that investors' understanding of performance is enhanced by disclosing these non-GAAP financial measures as a reasonable basis for comparison of our ongoing results of operations. Non-GAAP measures should not be considered a substitute for GAAP-based measures and results. Our non-GAAP measures may not be comparable to non-GAAP measures of other companies.


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SOURCE Kendle International Inc.
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