Exhibit 99.1
(ALLIED LOGO)
ALLIED HEALTHCARE INTERNATIONAL INC. REPORTS
FISCAL 2010 THIRD QUARTER RESULTS
   
Revenues Increased 7.9%, At Constant Exchange Rates
 
   
Operating Income Increased 15.8%, At Constant Exchange Rates & Excluding Acquisition Costs
NEW YORK — August 3, 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 third quarter ended June 30, 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 eleven 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 Third Quarter Results
                                                                 
    Three Months Ended June 30,     Three Months Ended June 30,  
                    %                                     %  
    2010     2009     Change     2010     %     2009     %     Change  
    Revenue     Gross Profit  
Homecare
  $ 59,270     $ 52,801       12.3 %   $ 18,023       30.4 %   $ 16,272       30.8 %     10.8 %
Nursing Homes
    4,237       5,774       -26.6 %     1,368       32.3 %     1,843       31.9 %     -25.8 %
Hospitals
    4,551       4,528       0.5 %     1,078       23.7 %     1,058       23.4 %     2.0 %
 
                                                   
Total, at constant exchange rates
    68,058       63,103       7.9 %     20,469       30.1 %     19,173       30.4 %     6.8 %
Effect of foreign exchange
    (2,310 )           -3.7 %     (701 )                           -3.7 %
 
                                                   
Total, as reported
  $ 65,748     $ 63,103       4.2 %   $ 19,768             $ 19,173               3.1 %
 
                                                   
 
                                                               
                            SG&A  
SG&A, at constant exchange rates & excluding acquisition costs
                          $ 17,114             $ 16,276               5.1 %
Acquisition costs, at constant exchange rates
                            595                             3.7 %
 
                                                         
SG&A, at constant exchange rates
                            17,709               16,276               8.8 %
Effect of foreign exchange
                            (533 )                           -3.3 %
 
                                                         
Total SG&A, as reported
                          $ 17,176             $ 16,276               5.5 %
 
                                                         
 
                                                               
                            Operating Income  
Operating Income, at constant exchange rates & excluding acquisition costs
                          $ 3,355             $ 2,897               15.8 %
Acquisition costs, at constant exchange rates
                            (595 )                           -20.5 %
 
                                                         
Operating Income, at constant exchange rates
                            2,760               2,897               -4.7 %
Effect of foreign exchange
                            (168 )                           -5.8 %
 
                                                         
Operating Income, as reported
                          $ 2,592             $ 2,897               -10.5 %
 
                                                         

 

 


The following information was filed by Allied Healthcare International Inc (AHCI) on Tuesday, August 3, 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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