VCA Antech Sees Same-Store Revenue Drop By 2.2% In Q1



Published:

VCA Antech Inc.’s animal division reported revenue of $269.9 million for its first quarter ended March 31, compared to revenue of $246.7 million in the year-ago period. The 9.4 percent increase was driven by acquisitions made in the past 12 months, said Bob Antin, chairman and CEO of the company.

VCA Antech’s same-store revenue declined by 2.2 percent while its same-store gross profit margin declined to 14.9 percent from 16.9 percent, according to Antin.
During the quarter, VCA Antech acquired two animal hospitals which had historical combined annual revenue of $4.8 million.

VCA Antech’s laboratory division reported revenue of $79.5 million for its first quarter, compared to revenue of $78.2 million in the year-ago period.

The medical technology division reported revenue of $19.1 million for its first quarter, compared to revenue of $15.8 million in the year-ago period.

Overall, the Los Angeles-based company reported net income of $30.5 million on revenue of $355.1 million for the first quarter, compared to net income of $32.9 million on revenue of $330.7 million in the year-ago period.

VCA Antech reaffirmed its fiscal year 2011 guidance: revenue from $1.47 billion to $1.51 billion and net income from $124.1 million to $132.8 million.

<Home>

Edit Module
Edit ModuleShow Tags

Archive »Read More

Found Animals Saving Pets Challenge Is Back To Reduce Shelter Euthanasia

Registration is now open to organizations that wish to participate in this year’s fundraising campaign to help reduce euthanasia in shelters.

UT Helps Get Steer Back on His Feet

Dudley lost a foot in a farm accident but gained an appendage courtesy of the University of Tennessee and others.

Reminder: Keep Chocolate Away From Dogs

More than half of U.K. veterinarians treated cases of chocolate poisoning last Easter.

Add your comment:
Edit Module
Edit ModuleEdit ModuleShow Tags Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Events


Show More...
Edit Module
Edit Module