Charles River Laboratories Reports Record First-Quarter Sales and Non-GAAP Earnings and Raises Guidance for 2004.
Business Wire › April 28, 2004
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Charles River Laboratories Reports Record First-Quarter Sales and Non-GAAP Earnings and Raises Guidance for 2004.
Business Editors
BioWire2K WILMINGTON, Mass.--(BUSINESS WIRE)--April 28, 2004 Charles River Laboratories International, Inc. (NYSE:CRL) today reported a 13.5% increase in first-quarter 2004 net sales, to $172.6 million from $152.1 million reported in the first quarter of 2003. Net income for the first quarter of 2004 was $17.6 million, or $0.36 per diluted share, compared to $19.4 million, or $0.40 per diluted share, in the first quarter of 2003. The reduction in net income was due to a one time, non-cash net charge related to the reorganization of the Company's European operations. Non-GAAP net income for the first quarter of 2004 was $23.4 million, an 18.2% increase over the...See the full content of this document
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