Charles River Q2 FY26 GAAP EPS swings to loss of $(0.03); revenue falls 2.7% to $1 billion - CRL News | RalliesCharles River Q2 FY26 GAAP EPS swings to loss of $(0.03); revenue falls 2.7% to $1 billion
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CRL• Full-year outlook
- Raised 2026 revenue outlook to a 2.5%-3.5% decline, lifting non-GAAP EPS guidance to USD 11.15-USD 11.45; cut GAAP EPS view to USD 3.05-USD 3.35.
Quarterly results
- Charles River posted Q2 revenue of USD 1.00 billion, down 2.7% year over year; GAAP EPS swung to a loss of USD 0.03.
- Non-GAAP EPS fell 3.2% to USD 3.02, while GAAP operating margin rose 2.2 percentage points to 11.9%.
Demand and business mix
- Demand improved in Discovery and Safety Assessment, with the highest net book-to-bill in nearly four years; organic revenue grew 0.1%.
Divestitures and capital return
- Completed May divestitures of certain European Discovery Services sites, the CDMO business, and Cell Solutions; repurchased USD 100 million of stock.
CTOS
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