Webster Veterinary’s Revenue Up 37%

Posted: Thursday, August 20, 2009, 6:17 p.m., EDT



Published:

Webster Veterinary, a unit of Patterson Companies Inc. of St. Paul, Minn., reported that revenue jumped by 37 percent, to $169.2 million, in the first quarter ended July 25.

Internal growth accounted for 8 percent of this increase, with the October 2008 acquisition of Columbus Serum Co. accounting for the balance.

“In addition to the Columbus Serum acquisition, our Webster unit benefited from increased sales of veterinary supplies due to higher levels of patient activity during the first quarter,” said James Wiltz, president and CEO of Patterson Companies. “However, many veterinary practices continued to defer equipment purchases in view of the weak economy.”

Overall, Patterson reported first-quarter net income of $45.1 million on revenue of $789.6 million, compared to $46 million and $743.9 million, respectively, in the year-ago period.

<HOME>

Archive »Read More

Summer Camp Helps Prepare High School Students for Vet Careers

The summer camp is now hosted annually by The Ohio State University College of Veterinary Medicine.

N.Y. Clinic Gets Facelift Courtesy of Novartis

Village Vet of Lewiston wins Novartis Animal Health’s Onsior Clinic Makeover contest.

Ceva Animal Health Gallops Into Equine Market

Altresyn, ConfidenceEQ and Tildren are among the first products offered through Ceva’s new equine division.

Add your comment: