NYSE$CRL
Charles River Laboratories International Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported an increase in revenue and non-GAAP EPS, but a decrease in GAAP EPS due to venture capital investment losses that were excluded from non-GAAP results. The COVID-19 pandemic reduced both the reported and organic revenue growth rates.
Charles River Laboratories announced strong Q1 2020 results, with revenue up 17.0% year-over-year to $707.1 million and non-GAAP EPS up 31.4% to $1.84. However, GAAP EPS decreased by 8.1% to $1.02 due to venture capital investment losses. The company revised its 2020 guidance due to the expected impact of the COVID-19 pandemic, anticipating a reduction in revenue of approximately $135 to $215 million.
- First-quarter revenue was $707.1 million, up 17.0% from Q1 2019.
- First-quarter GAAP EPS was $1.02, compared to $1.11 in Q1 2019.
- First-quarter non-GAAP EPS was $1.84, up from $1.40 in Q1 2019.
- Revised 2020 guidance due to COVID-19 impact, expecting revenue reduction of $135 to $215 million.
Headline financials
Revenue & EPS history
Charles River Labs · Revenue · Quarterly
$707M
Revenue by segment
Charles River Labs · $707M total across 3 segments · Q1 2020
- Discovery & Safety Assessment$439M+23.9%62.0%
- Research Models & Services$146M+6.4%20.6%
- Manufacturing Solutions$122M+8.1%17.3%
Forward guidance
Charles River revised its financial guidance for 2020 due to the global COVID-19 pandemic and its expected impact on the Company’s operations, client demand, and its financial results.
Tailwinds
- Revenue growth, reported: 4.5% – 8.0%
- Revenue growth, organic: 1.5% – 4.5%
- GAAP EPS estimate: $4.25 – $4.60
- Non-GAAP EPS estimate: $6.75 – $7.10
- Free cash flow: $325 – $350 million
Headwinds
- Contribution from acquisitions: ~(4.0%)
- Unfavorable/(favorable) impact of foreign exchange: 0.5% – 1.0%
- Acquisition-related amortization: $1.75 – $1.80
- Charges related to global efficiency initiatives: ~$0.05
- Other items: $0.25 – $0.32
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.7%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+18.4%
Q1 2025
Best reaction
-13.3%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | -9.0% | -0.1% | |
| Q4 2025 | -1.8% | +3.1% | -3.1% | |
| Q3 2025 | -5.5% | -5.0% | +3.6% | |
| Q1 2025 | +18.4% | +24.0% | +25.4% | |
| Q4 2024 | +6.9% | +10.4% | +8.3% | |
| Q3 2024 | +11.5% | +17.0% | +1.7% | |
| Q2 2024 | -11.7% | -15.1% | -17.8% | |
| Q1 2024 | -3.0% | -1.0% | -8.7% | |
| Q4 2023 | +11.4% | +11.2% | +17.6% | |
| Q3 2023 | -7.3% | -7.0% | +11.8% | |
| Q2 2023 | +5.5% | +5.2% | -3.2% | |
| Q1 2023 | +2.7% | +1.0% | +6.1% | |
| Q4 2022 | -6.7% | -9.0% | -20.4% | |
| Q3 2022 | +4.8% | +9.0% | +7.4% | |
| Q2 2022 | -6.6% | -9.4% | -17.8% | |
| Q1 2022 | -1.2% | -8.9% | -3.3% | |
| Q4 2021 | -6.7% | -6.1% | -8.3% | |
| Q3 2021 | -12.2% | -13.4% | -17.3% | |
| Q2 2021 | -0.3% | -0.4% | +9.3% | |
| Q1 2021 | +4.0% | +3.2% | -0.1% | |
| Q4 2020 | +2.0% | -1.1% | -0.0% | |
| Q3 2020 | +2.6% | +7.0% | +3.7% | |
| Q2 2020 | +6.8% | +7.3% | +0.4% | |
| Q1 2020 | +11.1% | +12.0% | +24.2% | |
| Q4 2019 | +8.6% | +11.9% | -21.3% | |
| Q3 2019 | -2.5% | +1.1% | +12.0% | |
| Q2 2019 | -5.1% | -10.3% | -7.0% | |
| Q1 2019 | -4.2% | -4.1% | -10.4% | |
| Q4 2018 | +8.1% | +9.0% | +11.1% | |
| Q3 2018 | +8.8% | +6.8% | +3.0% | |
| Q2 2018 | -5.2% | -6.6% | -1.6% | |
| Q1 2018 | +0.3% | -1.0% | +8.5% | |
| Q4 2017 | +8.2% | +6.0% | +9.9% | |
| Q3 2017 | -13.3% | -14.3% | -11.9% | |
| Q2 2017 | -1.7% | -0.2% | +10.0% | |
| Q1 2017 | -3.8% | -2.3% | +2.8% | |
| Q4 2016 | +7.6% | +7.3% | +8.4% | |
| Q3 2016 | -9.0% | -5.1% | -3.0% | |
| Q2 2016 | -0.0% | -3.1% | -3.0% | |
| Q1 2016 | +2.5% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | +5.7% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q1 2015 | -8.8% | — | — | |
| Q4 2014 | +6.3% | — | — | |
| Q3 2014 | -1.9% | — | — | |
| Q2 2014 | +6.0% | — | — | |
| Q1 2014 | -6.6% | — | — | |
| Q4 2013 | -1.6% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | +3.4% | — | — | |
| Q1 2013 | -3.9% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -5.3% | — | — | |
| Q2 2012 | +2.3% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2010 | -1.3% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q3 2011 | -5.0% | — | — | |
| Q2 2011 | -9.4% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2009 | -4.4% | — | — | |
| Q2 2010 | +3.6% | — | — | |
| Q4 2009 | +3.6% | — | — | |
| Q2 2009 | +3.6% | — | — |
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