VCA Antech’s Same-Store Revenue Falls 3.3%

Revenue falls for VCA Antech’s same-store.

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 posted revenue of $82.8 million in the second quarter, compared to $81.8 million a year earlier. Year to date, the division's revenue was $160.3 million, compared to $158.6 million in the year-ago period.

The Medical Technology Division saw second-quarter revenue of $10.6 million, compared to $11.8 million in the year-ago period. Year to date, the revenue was $19.8 million, compared $25.7 million in the year-ago period.

Overall, the Los Angeles company reported second-quarter net income of $39 million on revenue of $344.9 million compared to $41.4 million and $334.4 million, respectively, in the year-ago period. This represents a 3.1 percent increase in second quarter revenue.

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.

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