Charles River Laboratories Q2 Earnings Beat, Raises Full-Year EPS Guidance

Earnings
โดย Yahoo Finance·US·Read original
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Charles River Laboratories reported second-quarter results that beat analyst estimates and raised its full-year adjusted EPS guidance to $11.30 at the midpoint, a 2.3% increase. Revenue came in at $1.00 billion versus estimates of $979.9 million, a 2.5% beat despite a 2.7% year-on-year decline, while adjusted EPS of $3.02 beat estimates of $2.74 by 10.3%. Management highlighted recovering biopharmaceutical demand, with the Discovery and Safety Assessment segment posting a four-year high net book-to-bill and positive organic revenue growth for the first time since 2023. CEO Birgit Girshick attributed the stabilization to increased proposal activity and improved funding for small and midsize biotech clients, while noting that North American academic and government spending remained subdued. The divestiture of non-core businesses provided an immediate operating margin benefit, lifting operating margin to 11.9% from 9.7% a year earlier.

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