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Financial Report: Charles River Laboratories

Manufacturing revenue up 18% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Charles River Laboratories

2Q Revenues: $341.2 million (+16%)

2Q Earnings: $35.3 million (+29%)

YTD Revenues: $640.5 million (+8%)

YTD Earnings: $67.5 million (+28%)

Comments: Revenue for the Research Models and Services (RMS) segment was $133.1 million in the quarter, up 3%. Discovery and Safety Assessment (DSA) revenue was $142.6 million, up 33% in quarter driven by the acquisition of Argenta and BioFocus, which contributed 22% to DSA revenue. Revenue for the Manufacturing segment was $65.4 million in the quarter, up 18% with growth across all businesses, including a double-digit growth rate for both the Endotoxin and Microbial Detection, and Biologics Testing Solutions businesses.

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