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Jun 26, 2021

Charles River Labs Q2 2021 Earnings Report

Revenue increased by 34.0% and GAAP earnings per share increased by 28.4%.

Key Takeaways

Charles River Laboratories reported strong second-quarter results, with revenue of $914.6 million, a 34.0% increase year-over-year. GAAP earnings per share were $1.72, and non-GAAP earnings per share were $2.61. The company also increased its 2021 financial guidance due to sustained demand.

Second-quarter revenue was $914.6 million.

Second-quarter GAAP earnings per share were $1.72.

Second-quarter non-GAAP earnings per share were $2.61.

The company increased its 2021 financial guidance.

Total Revenue
$915M
Previous year: $683M
+34.0%
EPS
$2.61
Previous year: $1.58
+65.2%
Gross Profit
$342M
Previous year: $232M
+47.3%
Cash and Equivalents
$223M
Previous year: $402M
-44.5%
Total Assets
$6.72B
Previous year: $5.24B
+28.2%

Charles River Labs

Charles River Labs

Charles River Labs Revenue by Segment

Forward Guidance

The Company is increasing its 2021 financial guidance, which was previously provided on May 4, 2021, primarily as a result of the stronger-than-expected second-quarter financial performance and an expectation that robust client demand trends will continue for the remainder of the year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income