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Financial Newswire 12-20-2007

Quick financial updates from the veterinary field from December 2007.

Suggested Veterinary Products

Henry Schein Inc.

Henry Schein Inc. of Melville, N.Y., reported net income of $59.57 million on revenue of $1.51 billion for its third quarter ended Sept. 29, compared to net income of $39.29 million on revenue of $1.25 billion in the year-ago period.

Year to date, the company reported net income of $136.9 million on revenue of $4.2 billion, compared to net income of $100.76 million on revenue of $3.57 billion in the year-ago period.

Henry Schein acquired W. & J. Dunlop, a U.K. animal health products supplier, in its third quarter and reported that its worldwide veterinary business is at a run-rate of more than $700 million in annual sales.


Hartville Group Inc.

Hartville Group Inc. of Canton, Ohio, reported 58,853 pet polices for its fiscal year ended Sept. 30, up 117 percent from the 27,149 in the year-ago period. For the third quarter, the company added 7,485 pet policies, an increase of 15 percent from June 30, compared to the addition of 1,094 pet polices, a 4 percent increase in the year-ago period.

Hartville reported net loss of $2 million on revenue of $2.7 million for its third quarter, compared to net loss of $5.8 million on revenue of $1.5 million in the year-ago period. Year to date, the company reported net loss of $6.3 million on revenue of $7 million, compared to net loss of $10.9 million on revenue of $4 million.


Heska Corp.

Heska Corp.’s companion animal health division reported revenue of $15.6 million for its third quarter ended Sept. 30, compared to revenue of $15.61 in the year-ago period. Year to date, the division reported revenue of $48.83 million, compared to revenue of $44.52 million in the year-ago period.

Overall, Heska reported net income of $1.01 million on revenue of $19.49 million for its third period, compared to net income of $864,000 on revenue of $18.61 million in the year-ago period. Year to date, the company reported net income of $4.44 million on revenue of $62.29 million, compared to net income of $927,000 on revenue of $54.64 million in the year-ago period.

Heska is based in Loveland, Colo.


MWI Veterinary Supply Inc.

MWI Veterinary Supply Inc. of Meridian, Idaho, reported net income of $4.32 million on revenue of $190.15 million for its third quarter ended Sept. 30, compared to net income of $3.27 million on revenue of $161.08 million in the year-ago period.

Year to date, the company reported net income $16.88 million on revenue of $710.11 million, compared to net income of $13.84 million on revenue of $606.19 million.

The company estimates that for the fiscal year ending Sept. 30, 2008, revenue will grow about 16 percent from $710.11 million in the year-ago period to about $825 million.

In addition, MWI Veterinary Supply reported that its Internet sales to independent veterinary practices and producers grew about 44 percent and pharmacy sales grew about 47 percent for fiscal year 2007 compared to the year-ago period.

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