MWI Veterinary Supply, Inc.'s (MWIV) fourth-quarter net income increased 25.6% to $12.6 million from $10.0 million in the year ago quarter. Earnings per share for the quarter were $0.99 up from $0.80 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter increased 30.9% to $551.4 million from $421.3 million last year. Excluding the impact of the acquisition of the assets of Micro, organic revenue growth in the United States was 13.8% for the quarter, compared to the same period in the prior fiscal year. Five analysts had consensus revenue estimate of $538.13 million for the quarter.
The company estimates that for the fiscal year ending September 30, 2013, revenues will be from $2.285 billion to $2.335 billion, which represents growth of 10.1% to 12.5% compared to revenues in fiscal year 2012. The company estimates that earnings per share will be from $4.66 to $4.80 per share, which represents growth of 10.2% to 13.5% compared to diluted earnings per share in fiscal year 2012. Analysts expect the company to report earnings of $4.73 per share on revenues of $2.29 billion for fiscal 2013.
For comments and feedback: editorial@rttnews.com