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AMRI 2Q09

AMRI's total contract services revenue dropped 16% to $38.8 million in 2Q09

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AMRI 2Q Revenues: $51.3 million (-11%) 2Q Earnings: $179,000 (net income of $5.7 million in 2Q08) YTD Revenues: $105.3 million (-6%) YTD Earnings: $2.1 million (-80%) Comments: Total contract services revenue dropped 16% to $38.8 million in 2Q09, driven by Discovery Service (-22% to $11.5 million) and Development/Small Scale Manufacturing (-47% to $15.3 million). Large Scale Manufaturing revenues grew 18% to $19.2 million in the quarter. For YTD, Discovery Services are down 18% t...

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