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

Florida Vet Professor Named Fellow in National Inventors Group

Dr. Roy Curtiss, a professor at the University of Florida College of Veterinary Medicine, has been elected as a fellow of the National Academy of Inventors.

UF Professor, Brucellosis Expert Paul Nicoletti Dies at 83

He taught at the University of Florida College of Veterinary Medicine from 1978 to 2003 after serving with the USDA.

Quebec Forbids Cosmetic Veterinary Procedures

Ban on ear cropping and tail docking goes into effect in 2017.

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

Events


Show More...
Edit Module
Edit Module