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April 1, 2014
05:26 EDTCRLCharles River Labs sees acquisition of CRO services accretive to FY14 EPS by 10c
Charles River Laboratories International announced that it has completed the previously announced acquisition of the CRO services division of Galapagos NV, which includes both Argenta and BioFocus. The acquisition positions Charles River as a full service, early-stage contract research organization, or CRO, with integrated in vitro and in vivo capabilities from target discovery through preclinical development. The acquisition is expected to add approximately 6% to Charles Riverís net sales in 2014. It is also expected to be accretive to non-GAAP EPS in 2014 by approximately 10c. Items excluded from non-GAAP earnings per share are expected to include all deal-related costs including amortization of intangible assets.
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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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