Boise's MWI Veterinary Supply reports 20 percent growth in revenues

newsroom@idahostatesman.comFebruary 7, 2014 

MWI Veterinary Supply, a Boise-based company, reported Thursday that its revenues grew 20 percent year-over-year during the first quarter, which ended Dec. 31.

Revenues for the quarter were $687.3 million.

Just over half of that rise was due to MWI's purchase of IVESCO Holdings, a sale that closed Nov. 1.

The company's net income was $18.4 million for the quarter, a 10.1 percent increase over the previous year's first quarter.

One driver of growth was Internet sales to independent veterinary practices and animal producers in the U.S. Those sales grew 24.5 percent year-over-year.

MWI's management predicts more growth — 23 percent to 25 percent — in revenues for the whole fiscal year, which runs through Sept. 30. The company projected revenues of $2.89 billion to $2.94 billion for the year.

Idaho Statesman is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service