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VCA Antech’s Same-Store Revenue Declines 3.3%
Posted: Sunday, August 30, 2009
VCA Antech Inc.’s Animal Hospital Division reported revenue of $261.3 million in the second quarter ended June 30, compared to $251 million in the year-ago period. The 4.1 percent increase was attributed to acquisitions made in the past 12 months.
Same-store revenue declined by 3.3 percent during the quarter.
Year to date, the division reported revenue of $499.6 million, compared to $477.1 million in the year-ago period.
The Laboratory Division reported second-quarter revenue of $82.8 million, up from $81.8 million in the year-ago period. Year to date, the division’s revenue was $160.3 million, a rise from $158.6 million in the year-ago period.
The Medical Technology Division reported revenue of $10.6 million in the second quarter, compared to $11.8 million in the year-ago period. Year to date, the division reported revenue of $19.8 million, compared to $25.7 million in the year-ago period.
Overall, the Los Angeles company saw net income of $39 million on revenue of $344.9 million in the second quarter, compared to $41.4 million and $334.4 million, respectively, in the year-ago period.
Year to date, the company’s net income was $71.8 million on revenue of $660.7 million, compared to $73.6 million and $642.3 million, respectively, in the year-ago period. <HOME>
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VCA Antech’s Same-Store Revenue Declines 3.3%
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