Company: CRL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001100682-25-000043
Chunk: 34

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 34
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,930)(16.8)%0.5 %Unallocated corporate % of revenue6.4 %7.6 %(120) bps

Unallocated corporate costs consist of selling, general and administrative expenses that are not directly related or allocated to the reportable segments. The decrease in unallocated corporate costs of $12.9 million, or 16.8%, compared to the corresponding period in 2024 is primarily due to lower employee compensation and benefits related costs. Costs as a percentage of revenue for the three months ended September 27, 2025 was 6.4%, a decrease of 120 bps from 7.6% for the corresponding period in 2024.

Other Income (Expense)

Three Months EndedSeptember 27, 2025September 28, 2024$ change% change(in thousands, except percentages)Other income (expense):Interest income$1,422 $1,528 $(106)(6.9)%Interest expense(25,403)(30,284)4,881 (16.1)%Other income (expense), net(22,618)2,592 (25,210)(972.6)%Total other expense, net$(46,599)$(26,164)$(20,435)78.1 %

Interest income for the three months ended September 27, 2025 was $1.4 million, a decrease of $0.1 million, or 6.9%, driven primarily from lower interest rates and interest-earning asset balances.

Interest expense for the three months ended September 27, 2025 was $25.4 million, a decrease of $4.9 million, or 16.1%, compared to $30.3 million in the corresponding period in 2024 due primarily to lower average debt balances.

Other expense, net for the three months ended September 27, 2025 was $22.6 million compared to Other income, net of $2.6 million for the corresponding period in 2024 primarily due to $21.1 million of net losses and impairments on our venture capital and strategic equity investments compared to $2.5 million of net gains in the corresponding period in 2024.

Income Taxes

Three Months EndedSeptember 27, 2025September 28, 2024$ change% change(in thousands, except percentages)Provision for income taxes$31,644 $20,946 $10,698