Charles River Laboratories International (NYSE: CRL ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Charles River Laboratories International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share dropped. GAAP earnings per share contracted.
Margins shrank across the board.
Charles River Laboratories International booked revenue of $291.2 million. The 11 analysts polled by S&P Capital IQ expected sales of $294.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.69. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.71 per share. Non-GAAP EPS of $0.69 for Q1 were 1.4% lower than the prior-year quarter's $0.70 per share. GAAP EPS of $0.53 for Q1 were 1.9% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.8%, 60 basis points worse than the prior-year quarter. Operating margin was 14.7%, 90 basis points worse than the prior-year quarter. Net margin was 8.8%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $296.6 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $1.17 billion. The average EPS estimate is $2.85.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Charles River Laboratories International is hold, with an average price target of $45.91.
Looking for alternatives to Charles River Laboratories International? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Charles River Laboratories International to My Watchlist.