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Financial Newswire 08-27-2007

Quick financial updates from the veterinary field from August 2008.

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Abaxis Inc.

Abaxis Inc.’s veterinary division reported revenue of $16.4 million for its first quarter ended June 30, compared to revenue of $15.5 million in the year-ago period. During the quarter, the company sold more than 1.1 million medical and veterinary reagent discs, an increase of 19 percent, compared to 957,000 medical and veterinary reagent discs in the year-ago period. Overall, Abaxis, of Union City, Calif., reported net income of $3.1 million on revenue of $22.9 million for its first quarter, compared to net income of $2.4 million on revenue of $20.4 million in the year-ago period.


Eli Lilly Co.

Eli Lilly Co.’s animal health products had worldwide sales of $214.7 million for its second quarter ended June 30, an increase of 7 percent compared to the year-ago period. Overall, Eli Lilly, of Indianapolis, reported net income of $663.6 million on revenue of $4.6 billion for its second quarter, compared to net income of $822 million on revenue of $3.9 billion in the year-ago period. Year to date, the company reported net income of $1.2 billion on revenue of $8.9 billion, compared to net income of $1.7 billion on revenue of $7.6 billion in the year-ago period.


Neogen Corp.

Neogen Corp.’s animal division reported revenue of $10.3 million for its fourth quarter ended May 31, compared to revenue of $9.2 million in the year-ago period. Year to date, the division reported revenue of $39.2 million, compared to revenue of $37.5 million in the year-ago period. Overall, Neogen, of Lansing, Mich., reported net income of $2.3 million on revenue of $22.7 million for its fourth quarter, compared to net income of $1.7 million on revenue of $19.8 million in the year-ago period. Year to date, the company reported net income of $9.1 million on revenue of $86.1 million, compared to net income of $7 million on revenue of $72.4 million in the year-ago period.

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Heska Corp.

Heska Corp.’s core companion animal health division reported revenue of $16.2 million for its second quarter ended June 30, compared to revenue of $14.7 million in the year-ago period. Year to date, the division reported revenue of $33.2 million, compared to revenue of $28.9 million. Overall, Heska, of Loveland, Colo., reported net income of $1 million on revenue of $20.1 million for its second quarter, compared to net income of $302,000 on revenue of $18.5 million in the year-ago period. Year to date, the company reported net income of $3.4 million on revenue of $42.8 million, compared to net income of $63,000 on revenue of $36 million in the year-ago period.


MWI Veterinary Supply Inc.

MWI Veterinary Supply Inc. of Meridian, Idaho, reported net income of $4.3 million on revenue of $183.9 million for its third quarter ended June 30, compared to net income of $3.8 million on revenue of $164 million in the year-ago period. Year to date, the company reported net income of $12.6 million on revenue of $520 million, compared to net income of $10.6 million on revenue of $445.1 million in the year-ago period.


PetMed Express Inc.

PetMed Express Inc. of Pompano Beach, Fla., reported net income of $6.2 million on revenue of $59 million for its first quarter ended June 30, compared to net income of $4.8 million on revenue of $50.7 million in the year-ago period. The company acquired about 236,000 new customers for its first quarter, compared to 207,000 in the year-ago period. 

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