Charles River Laboratories Announces First-Quarter 2024 Results [Yahoo! Finance]
Charles River Laboratories International, Inc. (CRL)
Last charles river laboratories international, inc. earnings: 2/11 07:00 am
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Source: Yahoo! Finance
– Updates 2024 Guidance – WILMINGTON, Mass., May 09, 2024 BUSINESS WIRE )--Charles River Laboratories International, Inc. (NYSE: CRL) today reported its results for the first quarter of 2024. For the quarter, revenue was $1.01 billion, a decrease of 1.7% from $1.03 billion in the first quarter of 2023. The impact of foreign currency translation benefited reported revenue by 0.3%, and acquisitions contributed 1.5% to consolidated first-quarter revenue. A small divestiture of a Safety Assessment site reduced reported revenue by 0.2%. Excluding the effect of these items, organic revenue decreased 3.3%. On a segment basis, both the Manufacturing and Research Models and Services (RMS) business segments reported organic revenue growth, which was offset by lower revenue in the Discovery and Safety Assessment (DSA) segment. In the first quarter of 2024, the GAAP operating margin decreased to 12.5% from 16.3% in the first quarter of 2023, and on a non-GAAP basis, the operating margin de
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News
- Charles River Laboratories International, Inc. (NYSE: CRL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- Charles River Laboratories International, Inc. (NYSE: CRL) had its price target lowered by analysts at TD Cowen from $260.00 to $228.00. They now have a "hold" rating on the stock.MarketBeat
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CRL
Earnings
- 5/9/24 - Beat
CRL
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- CRL's page on the SEC website