eResearchTechnology, Inc (ERES)

Q3 2010 Earnings Call

November 04, 2010 05:00 p.m. ET


Michael McKelvey - President & CEO

Keith Schneck - EVP & CFO


James Kumpel - Madison Williams

Raghavan Sarathy - Dougherty & Company

Gene Mannheimer - Auriga

Mitra Ramgopal - Sidoti



(Operators Instructions), please note this even is being recorded, I would now like to turn the conference over to Dr. McKelvey, please go ahead.

Michael McKelvey

Thank you, Jamie, and good afternoon. Thank you for joining us for ERT's third quarter 2010 earnings results conference call. A press release announcing the third quarter results was released this afternoon and is available at the and most financial websites. This press release includes the financial results for the third quarter which includes three months of our recent acquisition of CareFusion's Research Services division or RS. As a reminder the second quarter of 2010 only included one month June of RS operations.

Joining me today is Keith Schneck, Executive Vice President and Chief Financial Officer.

Prior to beginning the call, I would like to read the forward-looking event statement. Certain statements in today's call may constitute forward-looking statements which involve known and unknown risks and uncertainties, actual results may differ materially from those in the forward-looking statements. Information about these risks and factors that could cause actual results to vary and it's disclosed in the press release announcing our results and in the risk factor section of form 10Q and our 2009 for 10K.

Guidance is based on management's good faith expectations given current market conditions, but any further deterioration of general economic conditions in addition to other factors cited elsewhere, could result in the company not achieving the revenue and diluted net income per share figures provided in our guidance.

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