Covance Reports Earnings Growth of 30% to $0.52 Per Share

Covance Inc. (NYSE: CVD) today reported earnings for its first quarter ended March 31, 2006 of $0.52/diluted share, including stock-based compensation expense of $0.04 per diluted share related to SFAS 123(R). This represents year-over-year EPS growth of 30.0% with both periods including stock-based compensation expense. "Covance began 2006 with another strong, balanced financial performance, including top-line growth of 14.0% and record operating margins of 14.3% (including the impact of SFAS 123R). We also continued to win significant and strategic new business orders," said Joe Herring, Chairman and Chief Executive Officer. "Early Development reported another quarter of strong operating margins of 24.9%, despite incremental expenses associated with opening new toxicology capacity, and revenue growth of 8.8%. In Late-Stage Development, revenue growth accelerated to 18.5% and operating margins increased to 18.0%, primarily driven by very strong performance in our central laboratory services."

ASK-IT International Conference - “Mobility for all-The use of Ambient Intelligence in addressing th

The ASK-IT International conference marks the two year point of this EU research funded project and the conference will provide the opportunity to take stock of the progress made in ASK-IT so far. It will also provide a unique occasion for different stakeholders, whether it be telecom providers, industry, user representatives, research institutes or local authorities, to gather together to discuss the role of Information Communication Technology in aiding and improving the everyday lives of mobility impaired people. It will include high level speakers and experts from around the world who will look at various issues, such as making content accessible, accessible tools and Ambient Intelligence. The conference will provide state-of-the-art information on accessibility initiatives in Europe and beyond.

ASK-IT International Conference - “Mobility for all-The use of Ambient Intelligence in addressing th

The ASK-IT International conference marks the two year point of this EU research funded project and the conference will provide the opportunity to take stock of the progress made in ASK-IT so far. It will also provide a unique occasion for different stakeholders, whether it be telecom providers, industry, user representatives, research institutes or local authorities, to gather together to discuss the role of Information Communication Technology in aiding and improving the everyday lives of mobility impaired people. It will include high level speakers and experts from around the world who will look at various issues, such as making content accessible, accessible tools and Ambient Intelligence. The conference will provide state-of-the-art information on accessibility initiatives in Europe and beyond.