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American Dental Partners Inc (ADPI) SEC Filing 10-Q Quarterly report for the period ending Thursday, September 30, 2010

SEC Filings

American Dental Partners Inc

CIK: 1028087 Ticker: ADPI

 

Exhibit 99.1

American Dental Partners, Inc.

401 Edgewater Place, Suite 430

Wakefield, MA 01880

Phone: 781/224-0880                                         Fax: 781/224-4216

 

 

For Immediate Release

 

Contacts:    Gregory A. Serrao    Breht T. Feigh
   Chairman, President and    Executive Vice President,
   Chief Executive Officer    Chief Financial Officer and Treasurer
   781-224-0880    781-224-0880

AMERICAN DENTAL PARTNERS REPORTS

THIRD QUARTER 2010 FINANCIAL RESULTS

WAKEFIELD, MASSACHUSETTS – October 25, 2010 – American Dental Partners, Inc. (NASDAQ: ADPI) announced financial results today for the quarter and nine months ended September 30, 2010.

Comparing results for the third quarter of 2010 with results for the third quarter of 2009:

 

   

Net revenue was $71,116,000 for the third quarter of 2010 as compared to $67,986,000 for the third quarter of 2009.

 

   

Earnings from operations were $6,073,000 for the third quarter of 2010 as compared to $5,673,000 for the third quarter of 2009.

 

   

Net earnings were $2,715,000 for the third quarter of 2010 as compared to $1,432,000 for the third quarter of 2009, which included $596,000 of expenses, net of tax, associated with senior debt refinancing.

 

   

Diluted net earnings per share were $0.17 for the third quarter of 2010 as compared to $0.10 for the third quarter of 2009, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing.

 

   

Diluted cash net earnings per share were $0.27 for the third quarter of 2010 as compared to $0.19 for the third quarter of 2009, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing.

Comparing results for the nine months ended September 30, 2010 with results for the nine months ended September 30, 2009:

 

   

Net revenue was $215,336,000 for the nine months ended September 30, 2010 as compared to $207,749,000 for the nine months ended September 30, 2009.

 

   

Earnings from operations were $20,646,000 for the nine months ended September 30, 2010 as compared to $19,075,000 for the nine months ended September 30, 2009.

 

   

Net earnings were $8,172,000 for the nine months ended September 30, 2010, which included $584,000 of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $5,864,000 for the nine months ended September 30, 2009, which included $596,000 of expenses, net of tax, associated with senior debt refinancing.

 

   

Diluted net earnings per share were $0.51 for the nine months ended September 30, 2010, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.43 for the nine months ended September 30, 2009, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing.

 

   

Diluted cash net earnings per share were $0.79 for the nine months ended September 30, 2010, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing and affiliation with Cincinnati Dental Services, as compared to $0.73 for the nine months ended September 30, 2009, which included $0.04 per share of expenses, net of tax, associated with senior debt refinancing.


The following information was filed by American Dental Partners Inc (ADPI) on Tuesday, October 26, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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SEC Filing Tools
Ticker: ADPI
CIK: 1028087
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-10-248009
Submitted to the SEC: Thu Nov 04 2010 3:46:46 PM EST
Accepted by the SEC: Thu Nov 04 2010
Period: Thursday, September 30, 2010
Industry: Health And Allied

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