Sector: |Industry: |Market Cap: $|Employees: 0
Total revenue increased by 6.6% YoY to $975.5 million, driven primarily by the Companion Animal Group (CAG) segment, which grew 6.5%. However, the Livestock, Poultry and Dairy (LPD) segment declined by 2.5%, partially offsetting the overall growth.
Gross profit margin increased to 61.1% from 59.9% in the prior year, reflecting favorable business mix, lower instrument costs, and recurring software and services gross margin gains. This indicates improved profitability on core operations.
Operating income increased 10.4% YoY to $303.9 million, driven by revenue growth and improved gross margin. This demonstrates the company's ability to translate revenue growth into higher profitability.