earnings
confidence high
sentiment positive
materiality 0.80
Charles River Q1 revenue $1.03B, +12.6% YoY; raises organic growth guidance to 5.0-7.5%
CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
2023-Q1 EPS reported
$2.01
revenue$1,029,373,000
- GAAP EPS $2.01 (+11% YoY); non-GAAP EPS $2.78 (+1.1% YoY); net income $103.1M.
- DSA segment revenue $662.4M (+23.6% organic); non-GAAP operating margin 29.0%.
- Manufacturing segment revenue $167.3M (-1.8% organic); non-GAAP operating margin 13.7%.
- 2023 guidance narrowed: organic revenue growth 5.0-7.5% (prior 4.5-7.5%); non-GAAP EPS $9.90-$10.90.
- Management cites strong DSA demand but warns Cambodian NHP supply constraints will affect H2.