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Providence Service Corporation Reports Q2 2011 Results In Line With Expectations
Date:8/8/2011

e-off of unamortized deferred financing fees of its senior credit facility.  In 2010, Providence reported revenue of $879.7 million and diluted earnings per share of $1.78.

In the third quarter of 2011, we anticipate revenue to be in a range of $230 to $235 million, with the addition of the NET services contract in Wisconsin.  Diluted earnings per share for the third quarter is forecasted to be between $0.23 and $0.25 given the seasonal slowdown in our school based business.  This compares to revenue of $217.2 million and diluted earnings per share of $0.22 in the third quarter of 2010.

For the fourth quarter of 2011, revenue is anticipated to be in the range of $240 to $245 million, with the addition of our newest NET services state regional contract award, and diluted earnings per share is forecasted to be between $0.36 and $0.38.  This compares to revenue of $219.3 million and diluted earnings per share of $0.33 in the fourth quarter of 2010.  

Conference CallProvidence will hold a conference call at 11:00 a.m. EDT (9:00 a.m. MDT and 8:00 a.m. Arizona and PDT) Tuesday, August 9, 2011, to discuss its financial results and corporate developments.  Interested parties are invited to listen to the call live over the Internet at http://investor.provcorp.com or http://www.earnings.com.  The call is also available by dialing (888) 680-0890 or for international callers (617) 213-4857 and by using the passcode 77538181.  Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PBY6KKADW.  Pre-registrants will be issued a pin number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection.  

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