APAC Customer Services Announces Third Quarter EPS of $.08

APAC Customer Services, Inc. APAC today reported financial results for its third fiscal quarter ended October 3, 2010. Revenue for the 2010 third quarter rose 12.5% to $76.9 million from $68.4 million in the 2009 third quarter. Gross profit for the 2010 third quarter was $14.8 million, or 19.3%, compared to $14.2 million, or 20.7%, in the prior-year period. The Company reported net income of $4.6 million, or $0.08 per diluted share, compared to net income of $6.6 million, or $0.12 per diluted share, in the prior-year quarter. The third quarter included charges related to CEO transition. Results for the quarter include $2.3 million in income tax expense versus $0.1 million in the 2009 period, when the Company did not record any federal income tax due to its net operating loss carryforward and other tax credits. Third quarter 2010 adjusted EBITDA was $10.7 million compared to $9.6 million in the 2009 third quarter.