earnings
confidence high
sentiment positive
materiality 0.75
Charles River Q1 revenue $913.9M (+10.8%), GAAP EPS $1.81, non-GAAP EPS $2.75
CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
2022-Q1 EPS reported
$1.81
revenue$913,929,000
- Q1 revenue $913.9M (+10.8% YoY); organic growth 9.4%; GAAP net income $93.0M (+51.2%); non-GAAP net income $141.1M (+9.3%).
- Segment revenue: RMS $176.5M (flat), DSA $544.3M (+8.6%), Manufacturing $193.1M (+31.8% driven by CDMO acquisitions).
- 2022 guidance updated: reported revenue growth raised to 13.5%-15.5% (from 13-15%); organic growth unchanged 12.5%-14.5%; non-GAAP EPS reaffirmed $11.50-$11.75.
- DSA segment reported record booking activity and strong backlog growth, with studies booked into 2023.
- Foreign currency reduced reported revenue growth by 1.7%; acquisitions contributed 4.7%.