Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Financial Report: Kendle 2Q | Contract Pharma

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Financial Report: Kendle 2Q

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Kendle

2Q Revenues: $177.4 million (+27%)

2Q Earnings: $7.8 million (+81%)

YTD Revenues: $336.2 million (+24%)

YTD Earnings: $13.5 million (+59%)

Comments: The company achieved record service revenues of $127.0 million in the quarter (+30%), as well as record new business awards of $204 million (+24%), and record business authorizations of $979 million (+13%). Service revenues were 45% in North America, 44% in Europe, 8% in Latin America and 3% in the Asia/Pacific region. Early-stage revenues were up 54% in the quarter to $8.6 million and late-stage revenues were $116.1 million (+29%).  

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