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VCA Antech Sees Same-Store Revenue Grow 1.4%

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VCA Antech Inc.’s animal hospital division recently reported revenue of $253.25 million for its third quarter ended Sept. 30, compared to revenue of $229.41 million in the year-ago period. This represents a 10.4 percent increase, driven primarily by acquisitions, including seven animal hospitals with combined annual revenue of almost $12 million.

Same-store revenue grew 1.4 percent in the third quarter.

Year to date, the division reported revenue of $730.35 million, compared to revenue of $635.05 million in the year-ago period.

Year to date, the company acquired 43 animal hospitals with combined annual revenue of more than $87 million.

The laboratory division reported revenue of $77.07 million for its third quarter, compared to $74.27 million in the year-ago period. Year to date, the division reported revenue of $235.63 million, compared to revenue of $227.07 million in the year-ago period.

The medical technology division reported revenue of $12.55 million for its third quarter, compared to revenue of $11.09 million in the year-ago period. Year to date, the division reported revenue of $38.23 million, compared to revenue of $32.9 million in the year-ago period.

Overall, Los Angeles-based VCA Antech reported net income of $35.77 million on revenue of $332.04 million for its third quarter, compared to net income of $32.23 million on revenue of $306.54 million in the year-ago period.

Year to date, the company reported net income of $107.29 million on revenue of $974.3 million, compared to net income of $96.39 million on revenue of $871.99 million in the year-ago period.

The company has also revised its 2008 financial guidance: revenue from $1.28 billion to $1.29 billion.

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