VCA Antech’s Same-Store Revenue Drops 2.2% In Q4



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VCA Antech Inc.’s animal hospital division reported revenue of $261.5 million for its fourth quarter ended Dec. 31, compared to revenue of $237.2 million in the year-ago period.

The 10.2 percent increase was driven by acquisitions made in the past 12 months, according to the Los Angeles-based company.

Same-store revenue declined by 2.2 percent while same-store gross profit margin declined to 14 percent from 15.4 percent.

VCA Antech acquired 10 animal hospitals during the fourth quarter with historical combined annual revenue of $33.1 million.

Year to date, the division reported revenue of $1.1 billion, compared to $994.2 million in the year-ago period.

VCA Antech’s laboratory division reported revenue of $72.2 million for its fourth quarter, compared to revenue of $71.1 million in the year-ago period.

Year to date, the division reported revenue of $310.7 million, compared to revenue of $310.1 million in the year-ago period.

VCA Antech’s medical technology division reported revenue of $16.2 million for its fourth quarter, compared to revenue of $16.2 million in the year-ago period.

Year to date, the division reported $64 million, compared to $48.6 million in the year-ago period.

Overall, VCA Antech reported net income of $22.1 million on revenue of $338.1 million for its fourth quarter, compared to net income of $26.3 million on revenue of $315.2 million in the year-ago period.

Year to date, the company reported net income of $114.2 million on revenue of $1.4 billion, compared to net income of $135.6 million on revenue of $1.3 billion in the year-ago period.

VCA Antech’s 2011 financial guidance is as follows: revenue from $1.47 billion to $1.51 billion and net income from $124.1 million to $132.8 million.


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