2 hours ago
3
MarketBeat
Sat, May 9, 2026 astatine 6:03 PM CDT 8 min read
Key Points
-
Charles River bushed its anterior outlook successful Q1 2026, with gross of $996 cardinal up 1.2% twelvemonth implicit year, though integrated gross fell 1.5% and non-GAAP EPS declined 12% to $2.06. Management said results were somewhat up of expectations contempt borderline unit from NHP costs, banal compensation tied to the CEO transition, and premix issues.
-
The institution reaffirmed full-year 2026 guidance for integrated gross down 0.5% to 1.5% and non-GAAP EPS of $10.80 to $11.30, portion inactive expecting 120 to 150 ground points of borderline enlargement aboriginal successful the year. Charles River besides accrued its reported gross diminution outlook due to the fact that of a stronger U.S. dollar.
-
Portfolio reshaping and caller CEO strategy are large themes, arsenic Birgit Girshick launched the “Pathway to Purpose” program and the institution completed oregon precocious respective divestitures and acquisitions. Management said these moves are designed to sharpen halfway focus, amended profitability, and fortify its NHP proviso concatenation and investigating capabilities.
-
The 2 Worst Performing S&P 500 Stocks YTD: Buy, Sell, oregon Avoid?
Charles River Laboratories International (NYSE:CRL) reported first-quarter 2026 results that absorption said were successful enactment to somewhat up of its anterior outlook, portion reaffirming its full-year integrated gross and non-GAAP net guidance and outlining a refreshed strategical model nether caller Chief Executive Officer Birgit Girshick.
Girshick, who became CEO during the week of the call, said the institution is entering a caller signifier nether a strategical program called “Pathway to Purpose,” focused connected modernizing operations, strengthening its technological portfolio, deepening lawsuit relationships and improving profitability.
→ Light Speed Returns: Corning Cashes In connected NVIDIA Growth
“The satellite is changing rapidly astir us. Science is advancing faster than it ever has, and our clients necessitate greater speed, champion science, and much collaboration,” Girshick said. She said Charles River plans to supply much item connected the strategy astatine an Investor Day successful September.
First-quarter gross rises connected reported basis, declines organically
Executive Vice President and Chief Financial Officer Glenn Coleman, who joined the institution successful April, said Charles River reported first-quarter gross of $996 million, up 1.2% from a twelvemonth earlier. On an integrated basis, gross declined 1.5%, which Coleman said was accordant with the company’s February outlook for a debased single-digit integrated decline.
→ Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking
.png)
English (CA) · 
English (US) · 
Spanish (MX) ·