Res-Care Reports Record Third Quarter Results

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On October 21, 1998, Res-Care, Inc. announced that 1998 third quarter revenues increased 83.3% to $141.1 million from $76.9 million for the third quarter of 1997. Net income increased 53.1% to $5.6 million compared with $3.7 million for the third quarter of 1997. Diluted earnings per share increased 42.1% to $0.27 from $0.19 in the 1997 period on 38% more shares outstanding. For the nine months ended September 30, 1998, net revenues increased 77.8% to $376.6 . . .