The company said revenue for Q2 2024 (ended June 29, 2024) was $1.03 billion, down 3.2% from $1.06 billion in Q2 2023. Excluding the effects of foreign currency, divestitures and acquisitions, organic revenue also fell 3.2%.

1. 01

   The company said revenue for Q2 2024 (ended June 29, 2024) was $1.03 billion, down 3.2% from $1.06 billion in Q2 2023. Excluding the effects of foreign currency, divestitures and acquisitions, organic revenue also fell 3.2%.

2. 02

   Charles River said GAAP diluted earnings per share for Q2 were $1.74, down 7.9% from $1.89 a year earlier, while non-GAAP diluted earnings per share were $2.80, up 4.1%. The company cited lower performance-based compensation accruals and higher revenue and operating income in its Manufacturing segment as drivers of the non-GAAP increase.

3. 03

   The company revised its full-year 2024 outlook, now giving a GAAP EPS estimate of $5.65 to $5.95 (previously $7.60 to $8.10) and a non-GAAP EPS estimate of $9.90 to $10.20 (previously $10.90 to $11.40). Reported revenue is now expected to decline 4.5% to 2.5%, compared with the prior outlook of growth of 1.0% to 4.0%.

4. 04

   The company said its Board of Directors approved a new stock repurchase authorization of $1.0 billion. It replaces a prior authorization under which $129.1 million remained when it was terminated $1.3 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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