Charles River(CRL) ZACKS·2025-02-19 15:35Core Insights - Charles River Laboratories (CRL) reported a revenue of $1 billion for the quarter ended December 2024, reflecting a decrease of 1.1% year-over-year, while EPS increased to $2.66 from $2.46 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $975.34 million by 2.79%, and the EPS also surpassed the consensus estimate of $2.50 by 6.40% [1] Revenue Breakdown - Revenue from Research Models and Services was $204.26 million, exceeding the average estimate of $201.13 million by analysts, with a year-over-year increase of 4.3% [4] - Revenue from Discovery and Safety Assessment was $603.35 million, below the average estimate of $566.67 million, showing a decline of 3.6% year-over-year [4] - Revenue from Manufacturing Solutions reached $194.94 million, slightly below the average estimate of $205.81 million, with a year-over-year increase of 1.6% [4] - Revenue from Services was $811.91 million, surpassing the average estimate of $795.10 million, but reflecting a year-over-year decline of 3.1% [4] - Revenue from Products was $190.64 million, exceeding the average estimate of $177.81 million, with an increase of 8.6% compared to the previous year [4] Operating Income Analysis - Non-GAAP operating income for Research Models and Services was $46.54 million, slightly above the average estimate of $45.01 million [4] - Non-GAAP operating income for Discovery and Safety Assessment was $148.98 million, exceeding the average estimate of $132.62 million [4] - Non-GAAP operating income for Manufacturing Solutions was $55.91 million, below the average estimate of $58.54 million [4] - Unallocated Corporate Overhead reported an operating loss of $61.76 million, worse than the average estimate of -$43.28 million [4] - Operating income for Research Models and Services was $13.77 million, significantly below the average estimate of $27.04 million [4] - Operating income for Discovery and Safety Assessment was $62.86 million, falling short of the average estimate of $102.93 million [4] - Manufacturing Solutions reported an operating loss of $182.55 million, compared to the average estimate of a profit of $44.27 million [4] Stock Performance - Over the past month, shares of Charles River have declined by 9.1%, contrasting with a 4.7% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]