Charles River Laboratories International Reports Earnings Results for Q2 2023

August 24, 2023

🌥️Earnings Overview

On August 9, 2023, CHARLES RIVER LABORATORIES INTERNATIONAL ($NYSE:CRL) reported their earnings results for the quarter ending June 30, 2023. Total revenue for the quarter amounted to USD 1059.9 million, an 8.9% year-over-year increase. Unfortunately, net income decreased 11.3%, to USD 97.0 million, compared to the same period in the previous year.

Price History

The company saw a surge in its stock price, with the opening price of $212.3 and closing price of $215.8, representing a 4.6% increase from the previous closing price of 206.2. The strong financial performance was backed by CRL’s continued investments in research, development and partnerships with other leading biotech and pharmaceutical companies. The company also announced plans to expand its workforce in order to better serve their clients and maintain their competitive edge in the industry.

Overall, Charles River Laboratories International achieved strong results in the second quarter of 2023, with their stock price reaching record highs and their financials showing healthy growth. The company’s strategic investments and partnerships are likely to be beneficial for shareholders in the future, and should result in further revenue growth for CRL. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for CRL. More…

    Total Revenues Net Income Net Margin
    4.18k 484.03 11.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for CRL. More…

    Operations Investing Financing
    625.04 -293.03 -346.77
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for CRL. More…

    Total Assets Total Liabilities Book Value Per Share
    7.77k 4.47k 63.42
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for CRL are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    15.0% 20.2% 17.8%
    FCF Margin ROE ROA
    6.9% 14.6% 6.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have conducted an analysis of CHARLES RIVER LABORATORIES INTERNATIONAL’s financials. Based on our Risk Rating, we have determined that this is a medium risk investment. This is based on a combination of financial and business aspects. Additionally, we have detected two risk warnings in the balance sheet that non-financial investors should be aware of. To get the full picture of our analysis, be sure to register with us to check it out. We look forward to helping you understand the complexities of investing in this company. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The global market for contract research services is growing rapidly as more and more companies are outsourcing their research and development needs. This growth is being driven by the increasing costs of R&D, the need for faster timelines, and the desire to tap into the expertise of experienced professionals. As the market expands, so does the competition, and Charles River Laboratories International Inc is up against some stiff competition from the likes of Microba Life Sciences Ltd, IDenta Corp, and Eurofins Scientific SE.

    – Microba Life Sciences Ltd ($ASX:MAP)

    Denta Corp is a publicly traded company that provides dental products and services. The company has a market capitalization of 1.5 million as of 2022 and a return on equity of -10.42%. The company’s products and services include dental implants, dentures, and other dental prosthetics. Denta Corp also provides dental education and training services. The company was founded in 2006 and is headquartered in New York, New York.

    – IDenta Corp ($OTCPK:IDTA)

    Eurofins Scientific SE is a global leader in the provision of analytical testing and scientific services. The company has a market capitalization of 13.54 billion as of 2022 and a return on equity of 12.32%. The company provides a range of services including food testing, environmental testing, pharmaceutical testing, and forensics. Eurofins Scientific SE has a network of over 800 laboratories across 47 countries.


    Charles River Laboratories International recently reported their earnings for the second quarter of FY2023, with total revenue climbing 8.9% year-over-year to USD 1059.9 million. Net income, however, decreased 11.3% to USD 97.0 million. Despite the lower net income, investors responded positively to the news and the stock price increased on the same day.

    For investors looking for growth opportunities in the life sciences market, Charles River Laboratories International may be an attractive option. With their strong revenue growth and ability to weather decreasing net income, the company offers a balance of risk and reward that could be appealing for many investors.

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