Company: CRL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001100682-25-000021
Chunk: 30

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 30
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887)(18.2)%2.8 %Manufacturing(8,620)33,681 (42,301)(125.6)%(1.2)%Unallocated corporate(54,268)(65,692)11,424 (17.4)%(0.4)%Total operating income$74,669 $125,977 $(51,308)(40.7)%1.8 %Operating income % of revenue7.6 %12.5 %(490) bps

The following presents and discusses our consolidated financial results by each of our reportable segments:

RMS

Three Months EndedMarch 29, 2025March 30, 2024$ change% changeImpact of FX(in thousands, except percentages)Revenue$213,073 $220,907 $(7,834)(3.5)%(1.0)%Cost of revenue (excluding amortization of intangible assets)139,296 140,925 (1,629)(1.2)%Selling, general and administrative24,206 30,893 (6,687)(21.6)%Amortization of intangible assets5,966 5,940 26 0.4 %Operating income$43,605 $43,149 $456 1.1 %(2.0)%Operating income % of revenue20.5 %19.5 %100 bps

RMS revenue decreased $7.8 million primarily driven by a decrease in large research model product revenue due to timing of sales, lower Cell Solutions product revenue, and the effect of changes in foreign currency exchange rates; partially offset by an increase in small research models product revenues across all geographic areas principally due to price.

RMS operating income increased $0.5 million compared to the corresponding period in 2024. RMS operating income as a percentage of revenue for the three months ended March 29, 2025 was 20.5%, an increase of 100 bps from 19.5% for the corresponding period in 2024. Operating income and operating income as a percentage of revenue increased primarily due to lower charges related to restructuring activities, including severance, asset impairments, and site consolidation charges; partially offset by the impacts of the RMS revenue drivers described above compared to the corresponding period in 2024.

DSA

Three Months EndedMarch 29, 2025March 30, 2024$ change% changeImpact