Charles River Announces Third-Quarter 2009 Results
Downloadable version.
- Sales Decrease 13.1% to $297 Million
- GAAP Earnings per Share of $0.57 and Non-GAAP Earnings per Share of $0.65
- Cost-Reduction Initiatives Now Expected to Total $40.0 Million of Savings in 2009
- Reduces Sales and EPS Guidance for 2009
WILMINGTON, Mass.--(BUSINESS WIRE)--November 3, 2009--Charles River Laboratories International, Inc. (NYSE: CRL) today reported its results for the third quarter of 2009. For the quarter, net sales were $297.5 million, a decline of 13.1% from $342.2 million in the third quarter of 2008, primarily driven by lower sales in the Preclinical Services (PCS) segment. Foreign currency translation reduced net sales by 1.8%.
On a GAAP basis, net income for the third quarter of 2009 was $37.3 million, or $0.57 per diluted share, compared to net income of $45.5 million, or $0.64 per diluted share, for the third quarter of 2008.
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