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Providence Service Corporation Releases Fourth Quarter and Year End 2009 Results
Date:3/10/2010

TUCSON, Ariz., March 10 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today announced its financial results for the fourth quarter and calendar year ended December 31, 2009.

Fourth Quarter 2009 Results

For the fourth quarter of 2009, the Company reported revenue of $215.6 million, an increase of 21% from $178.0 million for the comparable period in 2008.  Revenue from Providence's social services segment grew 5% to $85.6 million in the fourth quarter from the prior year period.  Revenue from its non-emergency transportation (NET) services segment grew 35% to $130.0 million in the fourth quarter from the prior year period, benefitting from the July 1, 2009 startup of its New Jersey contract.  

The Company reported operating income of $14.9 million and net income of $5.6 million, or $
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