Company: CRL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001100682-25-000034
Chunk: 28

Company: CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 28
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 corresponding period of 2024. The decreases in operating income and operating income as a percentage of revenue for the three and six months ended June 28, 2025 were primarily driven by the acceleration of amortization expense recognized as a result of a decrease in the remaining useful life of certain CDMO client relationships due to a loss of key customers, restructuring activities, including higher asset impairments and site consolidation charges, and higher third-party legal costs and advisory costs when compared to the corresponding period in 2024.

Net income available to Charles River Laboratories International, Inc., common shareholders decreased to $52.3 million in the three months ended June 28, 2025, from $90.0 million in the corresponding period of 2024. Net income available to Charles River Laboratories International, Inc., common shareholders decreased to $77.8 million in the six months ended June 28, 2025, from $157.3 million in the corresponding period of 2024. The decreases in net income available to common shareholders were due principally to the decreases in operating income described above.

During the six months ended June 28, 2025, our cash flows from operations were $376.3 million compared with $323.4 million for the same period in 2024. The increase was primarily driven by lower payments of variable compensation and favorable timing of payments to our suppliers and vendors, partially offset by higher purchases of inventory to support our DSA reportable segment.

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CHARLES RIVER LABORATORIES INTERNATIONAL, INC.

Three Months Ended June 28, 2025 Compared to the Three Months Ended June 29, 2024 

Revenue and Operating Income

The following tables present consolidated revenue by type and by reportable segment:

Three Months EndedJune 28, 2025June 29, 2024$ change% change(in thousands, except percentages)Service revenue$840,836 $842,900 $(2,064)(0.2)%Product revenue191,299 183,217 8,082 4.4 %Total revenue$1,032,135 $1,026,117 $6,018 0.6 %

Three Months EndedJune 28, 2025June 29, 2024$ change% changeImpact of FX(in thousands, except percentages)RMS$213,271 $206,389 $6,882 3.3 %1.0 %DSA618,029