VCA Revenues Continue Upward TrendVCA revenues, VCA Antech, VCA Antech revenue record, animal hospital revenue, veterinarySame-store revenue growth for animal hospitals operated by VCA Antech Inc. grew 3.5 percent in the first quarter compared to the year-ago period, the Los Angeles-based company reported today.Same-store revenue growth for animal hospitals operated by VCA Antech Inc. grew 3.5 percent in the first quarter compared to the year-ago period.newslineVCA Revenues Continue Upward TrendPosted: April 26, 2012, 6:00 p.m. EDT
Same-store revenue growth for animal hospitals operated by VCA Antech Inc. grew 3.5 percent in the first quarter compared to the year-ago period, the Los Angeles-based company reported today.
The company’s overall revenue increased 15.3 percent to a first-quarter record of $409.5 million, and its net income grew by 21.3 percent compared to the first quarter of 2011.
“This is the third consecutive quarter of improved organic revenue growth in both our Animal Hospital and Laboratory segments, said Bob Antin, chairman and CEO of VCA. “In addition, we experienced margin expansion in each of these segments. Given these positive results, we remain optimistic with respect to our outlook for 2012.”
Animal hospital revenue increased 17.1 percent in the first quarter, due to same-store growth, the addition of nine independent animal hospitals and an increased investment in Canadian hospital chain Associate Veterinary Clinics. Laboratory revenue grew 6.5 percent in the first quarter to $84.7 million, driven by both an increase in the number of requisitions and the average revenue per requisition, according to the company. The company’s “other operations” segment grew by 45.6 percent, due primarily to VCA’s August 2011 acquisition of Vetstreet.
As a whole, VCA reported net earnings of $36.3 million on revenues of $409.5 million for its first quarter ended March 31, 2012, compared with earnings of $30.0 million on revenues of $355.1 million in the year-ago period.
<HOME>http://www.veterinarypracticenews.com/images/vpn-tab-image/financial-success-300px.jpg4/26/2012 3:15 PM