Charles River Q3 results beat; narrows and raises non-GAAP EPS guidance for 2023

CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

2023-Q3 EPS reported $5.58 revenue$3,115,933,000

Q3 revenue $1.03B (+3.8% YoY); GAAP EPS $1.69 (-10.1%), non-GAAP EPS $2.72 (+3.4%).
Organic revenue growth 4.1%, driven by DSA (+5.3% organic) and RMS (+3.2% organic).
DSA segment GAAP operating margin down to 22.1% from 22.9%; non-GAAP up to 27.2% from 26.2%.
RMS GAAP op margin 15.2% vs 19.9% prior; Manufacturing op margin down on GAAP and non-GAAP basis.
FY2023 guidance: organic rev growth 5.5%-6.5% (narrowed from 5.5%-7.5%); non-GAAP EPS $10.50-$10.70 (prior $10.30-$10.90).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHARLES RIVER LABORATORIES INTERNATIONAL, INC. reported the third quarter of 2023 results: revenue $1.03 billion, net income $87.4 million, EPS $1.69. Guidance lowered.

Period: the third quarter of 2023
Revenue: $1.03 billion
Net income: $87.4 million
EPS: $1.69
Guidance: lowered
Result: reported results

Exact text from the filing

EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53773748ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 Charles River Laboratories Announces Third-Quarter 2023 Results – Third-Quarter Revenue of $1.03 Billion – – Third-Quarter GAAP Earnings per Share of $1.69 and Non-GAAP Earnings per Share of $2.72 – – Updates 2023 Guidance – WILMINGTON, Mass.--(BUSINESS WIRE)--November 8,

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Source: SEC EDGAR

accession 0001157523-23-001678

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