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>

Archive »Read More

Texas Suspends Vet’s License for 5 Years

Dr. Millard L. Tierce draws a five-year suspension for not following through on euthanasia orders and for violating other veterinary standards.

Henry Schein Adds Abaxis Veterinary Line

Henry Schein Animal Health and Patterson Veterinary Supply will distribute Abaxis products as a major competitor moves to direct sales.

Study: Mountain Lions in Southern California Lack Genetic Diversity

The study, led by the University of California, Davis, in partnership with The Nature Conservancy, raises concerns about the status of mountain lions in the Santa Ana and Santa Monica mountains.

Add your comment:

Events


Show More...