Charles River - JP Morgan Conference Presentation
Charles River - JP Morgan Conference Presentation
Research Models and Services
Revenue
Operating income
Operating income as a % of revenue
Add back:
Amortization related to acquisitions
CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
RECONCILIATION OF GAAP TO NON-GAAP
SELECTED BUSINESS SEGMENT INFORMATION (UNAUDITED)(¹)
(in thousands, except percentages)
S
Three Months Ended
September 24, 2022
September 25, 2021
180,114
35,891
$
19.9%
171,258
39,111
22.8%
$
Nine Months Ended
September 24, 2022
September 25, 2021
543,066
123,299
$
22.7%
524,862
126,626
24.1%
5,467
5,344
14,777
16,029
Severance
(110)
1,017
7
Acquisition related adjustments (2)
1,126
241
2,480
1,217
Total non-GAAP adjustments to operating income
S
6,483
$
5,585
$
18,274 $
17,253
Operating income, excluding non-GAAP adjustments.
Non-GAAP operating income as a % of revenue
$
42,374
$
44,696
$
141,573 $
143,879
23.5%
26.1 %
26.1%
27.4%
Depreciation and amortization
Capital expenditures
Discovery and Safety Assessment
Revenue
Operating income
Operating income as a % of revenue
Add back:
Amortization related to acquisitions
Severance
Acquisition related adjustments
(2)
Site consolidation costs, impairments and other items
Total non-GAAP adjustments to operating income
Operating income, excluding non-GAAP adjustments
Non-GAAP operating income as a % of revenue
Depreciation and amortization
Capital expenditures
Manufacturing Solutions
Revenue
Operating income
Operating income as a % of revenue
Add back:
Amortization related to acquisitions
Severance
Acquisition related adjustments
(2)
$
13.128 $
$
10,743
$
9,927 $
18,026 $
35,825 $
29,450
33,239 $
29,521
S
619,463
$
142,143
22.9%
531,823. $
116,548
1,755,639 $
1,573,095
375,922
312,011
21.9%
21.4%
19.8%
20,039
20,983
63,253
64,807
(28)
(180)
433
1,160
(395)
(9,316)
(5,909)
(3,642)
(3)
645
S
20,261
$
$
162,404
$
26.2 %
961
12,448 $
128,996 $
24.3%
3,001
1,254
60,778 $
63,579
436,700 $
24.9%
375,590
23.9%
Site consolidation costs, impairments and other items (3)
Total non-GAAP adjustments to operating income
Operating income, excluding non-GAAP adjustments
Non-GAAP operating income as a % of revenue
Depreciation and amortization
Capital expenditures
CONTINUED ON NEXT SLIDE
$
43,913
$
43,400
$
$
44,072 $
23,270 $
135,328 $
133,908 $
132,268
60,783
S
189,580 $
31,479
192,856 $
48,563
577,512 $
537,153
140,350
154,717
16.6 %
25.2%
24.3%
28.8 %
10,115
7,888
33,386
17,914
241
10,555
1.515
619
2,344
4,116
(4,191)
4,844
1,741
1,074
3,681
1,114
$
22,652
$
14,593
$
33,495
$
26,216
S
54,131 $
28.6%
63,156
$
173,845
$
180,933
32.7%
30.1 %
33.7%
$
17,005
$
13,953 $
53,487
$
34,474
S
18.137
$
13,296
$
65,396
$
34,008
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