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

2, 2011. Kendle undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in Kendle's expectations. Kendle International Inc.Condensed Consolidated Statement of Operations(In thousands, except per share data)(Unaudited)Three Months EndedTwelve Months EndedDecember 31December 312010200920102009Net service revenues

$
77,924$
96,646$
333,766$
416,688Reimbursable out-of-pocket revenues

29,96034,290114,493135,224Total revenues

107,884130,936448,259551,912Costs and expenses:  Direct costs

41,32948,490171,600210,586  Reimbursable out-of-pocket costs

29,96034,290114,493135,224  Selling, general and administrative expenses

33,42635,549135,239144,659  Restructuring expense

3,2213,7714,52210,157  Depreciation and amortization

4,4253,91016,34015,712  Goodwill impairment

7,263-7,263-  Total costs and expenses

119,624126,010449,457516,338Income (loss) from operations

(11,740)4,926(1,198)35,574Other income (expense):  Interest expense

(2,921)(3,337)(11,949)(14,403)  Interest income

44144144579  Gain (loss) on extinguishment of debt

-(64)-2,887  Other

1,561537,7704,034  Total other income (expense)

(1,316)(3,204)(4,035)(6,903)Income (loss) before income taxes

(13,056)1,722(5,233)28,671Income taxes

(3,874)(609)(674)13,434Net income  (loss)

$
(9,182)$
2,331$
(4,559)$
5,237Income (loss) per share data:Basic:Net income (loss) per share

$
(0.62)$
.16$
(0.31)$
.03Weighted average shares outstanding

14,92514,88714,90714,862Diluted:Net income (loss) per share

$
(0.62)$
.16$
(0.31)$
.02Weighted average shares outstanding

14,92515,00814,90714,992Kendle International Inc.Selected Balance Sheet and Other Information(In thousands)(Unaudited)Selected Balance Sheet Informat
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SOURCE Kendle International Inc.
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