VCA Antech Inc. – 04-25-2008

VCA Antech reports increase in revenue.

Los Angeles-based VCA Antech Inc. recently reported that its animal hospital revenue for the first quarter ending March 31 was $226.1 million, compared to revenue of $187.2 million in the year-ago period. The 20.8 percent increase was driven by acquisitions and same-store revenue growth of 1.9 percent.

The company reported laboratory revenue of $76.7 million for the first quarter, compared to $73.6 million in the year-ago period.

Medical technology revenue was $13.8 million for the first quarter, compared to $11.2 million in the year-ago period.

Overall, VCA Antech reported net income of $31.2 million on revenue of $307.8 million for the first quarter, compared to net income of $28.3 million on revenue of $265.1 million in the year-ago period. 

The company’s 2008 financial guidance includes revenue from $1.3 billion to $1.33 billion.

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