MWI Veterinary Supply’s Q1 Sees 55% Increase



Published:

MWI Veterinary Supply Inc. reported net income of $10.8 million on revenue of $366.2 million for its first quarter ended Dec. 31, compared to net income of $7.8 million on revenue of $236.1 million in the year-ago period.

Of the 55.1 percent increase in total revenue, 28.6 percent was due to organic growth in the United States and 26.5 percent was related to the company’s acquisition of Centaur Services Ltd. in February 2010.

Internet sales to independent veterinary practices and producers in the United States grew by about 57 percent for the quarter compared to the year-ago period, according to MWI Veterinary Supply.

Product sales from the Internet as a percentage of sales in the United States improved to 34 percent for the quarter, compared to 32 percent in the year-ago period, according to the company.

MWI Veterinary Supply added its sixth veterinary pharmacy in Whitestown, Ind., in January. The company now has pharmacies in six of its 12 distribution centers.

Revenue from MWI Veterinary Supply’s veterinary pharmacy programs increased more than 60 percent to $33 million for its first quarter, the company reported.

MWI Veterinary Supply estimates that for the fiscal year ending Sept. 30, 2011, revenue will be from $1.45 billion to $1.5 billion, which represents growth of 18 percent to 22 percent compared to revenue in fiscal year 2010.

<Home>

Edit Module
Edit ModuleShow Tags

Archive »Read More

Vet Techs Take Lead on Heartworm Education

A new team called Merial Tech Champions will work with veterinary technicians nationwide.

Wisconsin Vet Lab Names New Director

Dr. Philip Bochsler will assume his new duties on July 6.

3-D Printers Help Vets Prep for Surgery

From Ohio State to China, the future is now when it comes to making replicas of animal bones.

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