Exhibit 99.1
(ALLIED HEALTHCARE LOGO)
ALLIED HEALTHCARE INTERNATIONAL INC. REPORTS
FISCAL 2010 SECOND QUARTER RESULTS
   
Revenues Increased 18.4% to $65.5 million
 
   
Operating Income Increased 29.7% to $3.6 million
 
   
Income From Continued Operations Increased 23.2% to $2.6 million, or $0.06 per diluted share
NEW YORK — May 6, 2010 —
Allied Healthcare International Inc. (NASDAQ: AHCI; AIM: AHI), a leading provider of flexible healthcare staffing services in the United Kingdom, today issued financial results for its fiscal 2010 second quarter ended March 31, 2010.
To provide investors with a better understanding of the Company’s performance and because of fluctuations in foreign exchange rates, Allied is discussing its revenue, gross profit, selling, general & administrative (SG&A) expenses and operating income at constant exchange rates, which are calculated using the comparable prior period weighted average exchange rates. In addition, as the Company’s revenue and gross profit are generated in the United Kingdom, an analysis, which is contained in the Historical Revenue and Gross Profit table at the end of this press release, is included of the last ten quarters’ revenue and gross profit in pounds sterling to enable investors to fully understand the underlying trends over these periods without the effects of currency exchange rates.
Fiscal Second Quarter Results
                                                                 
    Revenue     Gross Profit  
    Three Months Ended March 31,     Three Months Ended March 31,  
                    %             Gross             Gross     %  
(Amounts in thousands)   2010     2009     Change     2010     Profit %     2009     Profit %     Change  
 
                                                               
Homecare
  $ 51,621     $ 44,439       16.2 %   $ 15,957       30.9 %   $ 14,059       31.6 %     13.5 %
Nursing Homes
    4,095       5,943       -31.1 %     1,334       32.6 %     1,856       31.2 %     -28.1 %
Hospitals
    4,652       4,952       -6.1 %     1,091       23.5 %     1,251       25.3 %     -12.8 %
 
                                                       
Total, at constant exchange rates
    60,368       55,334       9.1 %     18,382       30.4 %     17,166       31.0 %     7.1 %
Effect of foreign exchange
    5,162                     1,566                                
 
                                                       
Total, as reported
  $ 65,530     $ 55,334       18.4 %   $ 19,948             $ 17,166               16.2 %
 
                                                       
 
                                                               
SG&A, at constant exchange rates
                          $ 15,120             $ 14,389               5.1 %
Effect of foreign exchange
                            1,226                                
 
                                                           
Total SG&A, as reported
                          $ 16,346             $ 14,389               13.6 %
 
                                                           
 
                                                               
Operating Income, at constant exchange rates
                          $ 3,262             $ 2,777               17.5 %
Effect of foreign exchange
                            340                                
 
                                                           
Operating Income, as reported
                          $ 3,602             $ 2,777               29.7 %
 
                                                           

 

 


The following information was filed by Allied Healthcare International Inc (AHCI) on Thursday, May 6, 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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