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.