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Financial Report: Charles River Laboratories

Revenues decline 4% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Charles River Laboratories

4Q Revenues: $280.1 million(-4%)

4Q Earnings: $18.5 million(-32%)

FY Revenues: $1.1 billion (-1%)

FY Earnings: $97.9 million(-11%)

Comments: Research Models and Services (RMS) segment sales were down 6% to $171.8 million in the quarter, driven by lower sales of research models, offset by Endotoxin sales and Microbial Detection (EMD) business, which included the acquisition of Accugenix. Preclinical Services (PCS) segment sales were flat at $108.3 million. For the year RMS sales were $695.1 million, down 2% and PCS sales were $434.4 million, down 1%.

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