Boise's MWI Veterinary Supply reports $606.4 million quarterly revenues

newsroom@idahostatesman.comJuly 29, 2013 

MWI Veterinary Supply, a company based in Boise that sells animal care products, reported a 9.3 percent jump in revenues for the latest quarter, which ended June 30.

Some of the contributing factors were:

  • Internet sales to independent veterinary practices and agents in the U.S. grew by 25.8 percent.
  • Revenues from veterinary pharmacy programs in the U.S. increased 11.6 percent to $51.3 million for the quarter.
  •  Revenues from a new diagnostics program reached about $43 million for the quarter.

    The company's net income was $16.8 million for the quarter, 15.7 percent higher than during the same time last year.

    After the strong quarterly results, the company slightly raised its expectations for the year. MWI managers estimated that for the fiscal year ending Sept. 30, 2013, revenues will be $2.33 billion to $2.36 billion, or 12.3 percent to 13.7 percent higher than in fiscal year 2012.

    Diluted earnings per share were $1.32 for the quarter, compared to $1.15 for the same period in the prior fiscal year.

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