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News Breaks
January 7, 2013
17:10 EDTCRLCharles River Labs acquisition of Vital seen accretive to 2013 EPS
Charles River acquired the 75% ownership of Vital River for approximately $27M, subject to certain post-closing working capital adjustments. The transaction is expected to add more than 1% to 2013 total net sales and be slightly accretive to 2013 EPS.
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February 10, 2016
07:30 EDTCRLCharles River sees Q1 adjusted EPS about 10% below 4Q15
Sees Q1 revenue sequentially higher vs. 4Q15, adjusted operating margin lower on a sequential basis vs. 4Q15. Expect sequential revenue increase to be primarily driven by higher research model sales after seasonally soft Q4. Sees unallocated corporate cost expected to increase significantly vs. 4Q15. Says quarterly gating in 2016 expected to be similar to previous years, with Q1 starting "slowly" and results improving in subsequent quarters. Sees FY16 RMS revenue growth in constant currency low to mid single digits, DSA revenue up low teens, manufacturing revenue up mid to high teens. Capital priorities include: debt repayment, says focus on debt repayment to limit stock repurchase and M&A activity in 2016; integrating acquisitions. Comments from slides that will be presented on the Q4 earnings conference call.
07:05 EDTCRLCharles River sees FY16 adjusted EPS $4.07-$4.17, consensus $4.16
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07:02 EDTCRLCharles River reports Q4 adjusted EPS $1.00, consensus 94c
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