America Service Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company's adjusted EBITDA was $8.7 million, as compared with $3.8 million in the prior year quarter. Income from operations was $148,000, as compared with $2.3 million in the prior year quarter. Income from operations for the fourth quarter and year ended December 31, 2009, would have been $7.5 million and $15.1 million, respectively, excluding expenses related to the Company's Audit Committee investigation into certain matters at Secure Pharmacy Plus, LLC, including the shareholder litigation expenses discussed above. Net interest income was $31,000, as compared with net interest expense of $97,000 in the prior year quarter. Income from continuing operations before income taxes was $179,000, as compared with $2.2 million in the prior year quarter. Income from continuing operations before income taxes would have been $7.5 million excluding expenses related to the company's Audit Committee investigation into certain matters at Secure Pharmacy Plus including the shareholder litigation expenses. Loss from continuing operations after taxes was $175,000, as compared with income from continuing operations after taxes of $1.2 million in the prior year quarter. Income from continuing operations after taxes would have been $4.3 million excluding after-tax expenses related to the company's Audit Committee investigation into certain matters at Secure Pharmacy Plus, including the shareholder litigation expenses. Net cash provided by operating activities was $8.5 million, as compared with $11.9 million in the prior year quarter. For the year, the company's adjusted EBITDA was $19.5 million, as compared with $16.0 million in the prior year period. Income from operations was $6.7 million, as compared with $6.5 million in the prior year period. Income from continuing operations before income taxes was $6.6 million, as compared with $5.8 million in the prior year period. Income from continuing operations before income taxes would have been $15.0 million excluding expenses related to the company's Audit Committee investigation into certain matters at Secure Pharmacy Plus including the shareholder litigation expenses. Income from continuing operations after taxes was $3.5 million, as compared with $3.2 million in the prior year period. Income from continuing operations after taxes would have been $8.7 million excluding after-tax expenses related to the company's Audit Committee investigation into certain matters at Secure Pharmacy Plus, including the shareholder litigation expenses. Net cash provided by operating activities was $24.5 million, as compared with $28.8 million in the prior year period. On March 1, 2010, the company's board of directors declared a quarterly cash dividend of $0.06 per share on the company's common stock for the first quarter of 2010. This is an increase from the prior quarterly cash dividend of $0.05 per share. The dividend will be paid on April 13, 2010, to shareholders of record on March 23, 2010.

America Service Group Inc. provided earnings guidance for the year 2010. The company net income is expected to be approximately $10.1 million in 2010 as compared with $3.3 million in 2009. Allowing for the audit committee investigation and related expenses, including expenses related to the shareholder litigation matter, net income of $10.4 million is expected for 2010 versus pro forma net income of $8.5 million in 2009. Allowing for estimated share-based compensation expenses of approximately $1.9 million in 2010, the company is anticipating adjusted EBITDA of approximately $23 million for the year, up from $19.5 million in 2009.

America Service Group Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 2, 2010).

America Service Group Announces Fourth Quarter and Year End Results

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Other Events

America Service Group Inc. Q4 2009 Earnings Call Transcript

America Service Group Inc. Earnings Call scheduled for 11:00 am ET today

America Service Group Announces Fourth Quarter and Year End Results

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Entry into a Material Definitive Agreement

America Service Group Announces Third Quarter Results

14 Year Sell-Side Veteran Takes A Look At PBMs And Health Insurance Companies And Points Out Strong And Weak Investments

Recent Department Of Defense Contract And Strong Coverage Network Makes This Stock A Great Investment, According To Former Lehman Brothers Analyst

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Other Events

Recent Department Of Defense Contract And Strong Coverage Network Makes This Stock A Great Investment, According To Former Lehman Brothers Analyst

14 Year Sell-Side Veteran Takes A Look At PBMs And Health Insurance Companies And Points Out Strong And Weak Investments

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Change in Directors or Principal Officers

Q3 2009 America Service Group Inc. Earnings Release - After Market Close

America Service Group Announces Third Quarter Results

America Service Group Inc. Q3 2009 Earnings Call Transcript

AMERICA SERVICE GROUP INC /DE Files SEC form 10-Q, Quarterly Report

America Service Group Inc. Earnings Call scheduled for 11:00 am ET today

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements

AMERICA SERVICE GROUP INC /DE Files SEC form 8-K, Other Events