Bayer Publishes First Quarterly Report of 2015

Bayer has continued to improve its operating performance. Business expansion has occurred in all Consumer Health divisions, especially in Consumer Care where products acquired by Merck & Co., Inc. have contributed. Significant growth in sales and earnings were reported at HealthCare.

The CropScience business were improved over the previous year quarter however overall earnings were down. Performance was steady even in a weaker market environment.

MaterialScience felt an expected slight decline in sales due to lower raw material prices resulting in lower selling prices.

Due to the positive business development seen in the first quarter this year Bayer will be raising their Group guidance for 2015 due to currency effects. Groups sales rose to EUR 12.1 billion. Net income decreased 8.4% to EUR 1.3 billion. EBITDA before special items increased 9.6% to EUR 3 billion and EBIT decreased 4.7% to EUR 2 billion. Core earnings per share raised 7.7% to EUR 2.10.

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Bayer AG publishes third quarter report for 2014

The Bayer Group continued its strong upward trend in the Life Science business - HealthCare and CropScience - for the third quarter of 2014.

"We saw robust sales growth for our recently launched pharmaceutical products and in our CropScience business in North and Latin America," said Bayer Management Board Chairman, Dr. Marijn Dekkers. 

Sales of the Bayer Group rose by 5.6% in the third quarter of 2014 to EUR 10,187 million. Gross cash flow rose by 9.1% to EUR 1,492 million due to improvement in EBITDA, while cash flow moved ahead by 5.1% to EUR 1,816 million. Net financial debt declined from EUR 9.9 billion on June 20, 2014, to EUR 8.5 billion on September 30, 2014.

Sales in the Consumer Health segment rose by 2.4% to EUR 1,921 million. This increase was driven by the Consumer Care and Animal Health divisions. In the Animal Health Division, sales of the Seresto™ flea and tick collar in Europe developed particularly well. 

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Bayer Animal Health sees positive sales in Q2 2014

The Bayer Group was again successful in the second quarter of 2014. Sales of the Bayer Group rose by 0.9% in the second quarter to EUR 10,458 million (Q2 2013: EUR 10,360). Adjusted for currency and portfolio effects, sales advanced by 6,3%. EBIT rose by 14.5% to EUR 1.473 million (Q2 2013: EUR 1.287 million). 

Gross cash flow in the second quarter of 2014 advanced by 1.5% to EUR 1,705 million (Q2 2013: EUR 1,680 million) due to the improvement in EBITDA, while cash flow moved ahead by 4.2% to EUR 1,601 million (Q2 2013: EUR 1,536 million). Net financial debt increased from EUR 9.1 billion on March 31, 2014 to EUR 9.9 billion on June 30, 2014. 

READ MORE: Stockholders Newsletter Second Quarter 2014

Sales of HealthCare rose in the second quarter by 0.9% to EUR 4,485 million (Q2 2013: EUR 4,800 million). The Animal Health business developed positively with 5% growth to EUR 362 million (Q2 2013: EUR 358 million). The Seresto™ flea and tick collar contributed to this increase, partly on account of volume gains in the United STates. Sales of the Advantage™ line of flea, tick and worm control products showed a slight decrease. 

READ MORE: Bayer continues positive business development

PetSmart Announces First Quarter 2014 Results

PetSmart Inc., announced today financial results for the first quarter of 2014 with reported earnings up 6.1% to $1.04 per share and total sales up 1.1%. 

Net income increased 1.3% to $104 million, compared to $102 million in the first quarter of 2013. Net sales for the first quarter of 2014 increased 1.1% to $1.7 billion. Comparable store sales, or sales in stores open for at least one year, including online sales, fell $0.6%, with comparable transactions decreasing 2.2%. Services sales, which are included in net sales, grew 4.5% to $200 million.

The company generated $137 million in cash flows from operating activities, spent $32 million in capital expenditures, distributed $20 million in dividends and repurchased $130 million of PetSmart stock. PetSmart Inc., ended the quarter with $301 million in cash, cash equivalents and restricted cash and zero borrowings on its credit facility. 

READ THE NEWS RELEASE 

PetSmart Reports Results for the Fourth Quarter and Fiscal Year 2013

PetSmart, Inc. announced financial results for the fourth quarter and fiscal year of 2013, last week and  applauded a fourth consecutive year of double-digit earnings per share growth. 

Fourth quarter results report earnings of $1.28 per share were up 19.6% and net income increased 14% to $132 million in the fourth quarter of 2013. Net sales for the fourth quarter of 2013 increased 2.9% to $1.8 billion. 

For the year, the company delivered earnings per share of $4.02, up 18.9%. Comparable store sales grew 2.7% and net sales for the year were $6.0 billion. 

The company generated $615 million in cash flows from operating activities, spent $147 million in capital expenditures, distributed $54 million in dividends and repurchased $464 million in PetSmart stock. 

The financial report also provided guidance for fiscal 2014 which included: Comparable store sales growth of 2-4%; Net sales growth of 4-6%; Earnings per share between $4.42 to $4.54; and Capital expenditures of $150 million to $160 million. 

READ THE NEWS RELEASE

PetSmart Reports Results for Q3 2011

PetSmart, Inc. (NASDAQ: PETM) today reported earnings of $0.50 per share, up 32% compared to $0.38 per share in the third quarter of 2010. Net income totaled $56 million in the third quarter of 2011, compared to $46 million in the third quarter of 2010.

Total sales for the third quarter of 2011 increased 8% to $1.5 billion. The increase in sales was partially impacted by $3 million in favorable foreign currency fluctuations. Comparable store sales, or sales in       stores open at least a year, grew 6.1%, benefiting from comparable transactions growth of 2.2%. Services sales, which are included in total sales, grew 9% to $161 million.

  

During the third quarter, the company generated $124 million in operating cash flow, spent $28 million in capital expenditures, distributed $16 million in dividends, and repurchased $70 million of PetSmart stock. The company ended the quarter with $333 million in cash, cash equivalents and restricted cash and zero borrowings on its credit facility.

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Pethealth Inc. Announces Quarterly Results

The Company is hosting an investor conference call on Thursday, November 10th, 2011, at 10:00AM (EST) which can be accessed at 1-877-240-9772 or on-line at www.pethealthinc.com. For those unable to participate, a replay of the call will be available shortly after the call concludes on the Company's website at www.pethealthinc.com.

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CONSOLIDATED FINANCIAL

 HIGHLIGHTS:                             For three months ended

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('000)                           Sep 30, 2011     Sep 30, 2010     Change %

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Insurance Commissions and

 Fees                           $       5,466    $       5,784          (5)%

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Microchip Technology and Non-

 insurance Revenue                      2,852            2,397           19%

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Total Revenue                           8,318            8,181            2%

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Cost of Goods Sold                      1,461            1,337            9%

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Selling and marketing                   2,724            3,020         (10)%

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Administrative and general              3,252            3,279          (1)%

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Other income                                -                -            -

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Other expenses                            106              (16)         763%

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Total Expenses                          7,543            7,620          (1)%

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Results from operating

 activities                               775              561           38%

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Finance revenue                            15               14            7%

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Finance costs                              (5)             (37)          86%

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Profit before income tax                  785              538           46%

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 Income tax expense                        21              128         (84)%

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Net Income                                764              410           86%

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EPS - Basic (1)                          0.02             0.01          100%

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EPS - Diluted (1)                        0.02             0.01          100%

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EBITDA (2)                              1,239              984           26%

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Adjusted EBITDA (3)                     1,269              929           37%

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Gross Premiums Earned by

 Carriers                              14,289           15,367          (7)%

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(1) Basic and diluted earnings per share are adjusted to reflect the

    dividend payments made during the first quarter of 2011 and 2010. For

    the quarter ended September 30, 2011 the Company had weighted average

    basic common shares of 32,513,568 (2010 - 32,505,235) and fully diluted

    common shares of 37,515,527 (2010 - 37,484,539).

(2) The Company believes the presentation of EBITDA is a useful means of

    providing investors with additional information in reviewing and

    analyzing the Company's operating results. EBITDA is considered to be a

    non-IFRS earnings measure and does not have any standardized meaning

    prescribed by IFRS. It is, therefore, unlikely to be comparable to

    similar measures presented by other issuers. EBITDA is net income

    adjusted for interest, taxes and amortization.

(3) The Company believes the presentation of Adjusted EBITDA is a useful

    means of providing investors with additional information in reviewing

    and analyzing the Company's operating results. Adjusted EBITDA is

    considered to be a non-IFRS earnings measure and does not have any

    standardized meaning prescribed by IFRS. It is, therefore, unlikely to

    be comparable to similar measures presented by other issuers. Adjusted

    EBITDA is EBITDA adjusted for stock option and equity-based compensation

    expense and non-cash translation gains and losses associated with the

    Company's U.S. denominated debt.

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CONSOLIDATEDFINANCIAL

 HIGHLIGHTS:                              For nine months ended

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('000)                           Sep 30, 2011     Sep 30, 2010     Change %

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Insurance Commissions and

 Fees                           $      16,399    $      17,798          (8)%

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Microchip Technology and Non-

 insurance Revenue                      8,047            6,593           22%

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Total Revenue                          24,446           24,391          0.2%

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Cost of Goods Sold                      4,088            3,481           17%

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Selling and marketing                   7,928            9,680         (18)%

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Administrative and general             10,077            9,710            4%

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Other income                                -                -            -

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Other expenses                            147               36          308%

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Total Expenses                         22,240           22,907          (3)%

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Results from operating

 activities                             2,206            1,484           49%

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Finance revenue                            55               41           34%

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Finance costs                             (25)            (134)          81%

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Profit before income tax                2,236            1,391           61%

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 Income tax expense                       315             (284)         211%

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Net Income                              1,921            1,675           15%

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EPS - Basic (1)                          0.04             0.03           33%

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EPS - Diluted (1)                        0.04             0.03           33%

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EBITDA (2)                              3,600            2,747           31%

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Adjusted EBITDA (3)                     3,647            2,735           33%

PetSmart Reports Increased Earnings

PetSmart, Inc. (NASDAQ: PETM) today reported earnings of $0.54 per share, up 32% compared to $0.41 per share in the second quarter of 2010. Net income totaled $61 million in the second quarter of 2011, compared to $48 million in the second quarter of 2010.

Total sales for the second quarter of 2011 increased 7.0% to $1.5
billion. The increase in net sales was partially impacted by $6 million in favorable foreign currency fluctuations. Comparable store sales, or sales in stores open at least a year, grew 5.0%, benefiting from comparable transactions growth of 2.0%. Services sales, which are included in total sales, grew 7.6% to $178 million.

During the second quarter, the company generated $109 million in
operating cash flow, spent $20 million in capital expenditures, distributed $14 million in dividends, and repurchased $63 million of PetSmart stock. The Company ended the quarter with $321 million in cash, cash equivalents and restricted cash and zero borrowings on its credit facility.

"The strength of our brand was evident with another quarter of solid performance," said Bob Moran, Chief Executive Officer and President, "and validates the work that we are doing on our journey to becoming a
best-in-class specialty retailer."

"For all of 2011, we expect comparable store sales growth in the low- to
mid-single digit range, and total sales growth in the mid-single digit range. We are raising our earnings per share guidance from a previous range of $2.32 to $2.42 to our current expectations of $2.40 to $2.48," said Chip Molloy, Senior Vice President and Chief Financial Officer.  "For the third quarter of 2011, we are expecting comparable store sales growth in the 3-4% range, and earnings per share between $0.41 and $0.45."

A phone replay of the teleconference and full report will be available through September 17, 2011, 11:59 p.m. EDT, at 888-266-2081 in the United States and Canada, or at 703-925-2533 for international callers, enter code 1543612.

About PetSmart:

PetSmart, Inc. (NASDAQ: PETM) is the largest specialty pet retailer of
services and solutions for the lifetime needs of pets. The company employs approximately 48,000 associates and operates more than 1,197 pet stores in the United States, Canada and Puerto Rico, over 185 in-store PetSmart(R)
PetsHotel(R) dog and cat boarding facilities and is a leading online provider of pet supplies and pet care information ().

PetSmart provides a broad range of competitively priced pet food and pet products; and offers dog training, pet grooming, pet boarding, PetSmart
Doggie Day CampSM day care services and pet adoption services. Since 1994,

PetSmart Charities, Inc., an independent 501(c)(3) non-profit animal welfare
organization and the largest funder of animal welfare efforts in North
America, has provided more than $134 million in grants and programs
benefiting animal welfare organizations. Through its in-store pet adoption partnership with PetSmart Charities(R), PetSmart has helped save the lives of more than 4.5 million pets.

Contact PetSmart
 

VCA Antech Reports Revenue Increase of 6.3%

VCA Antech, Inc. (NASDAQ NM SYMBOL: WOOF), a leading animal
healthcare company in the United States, today reported financial
results for the second quarter ended June 30, 2011 as follows:

• revenue increased 6.3% to a second quarter record of $376.1 million
• gross profit increased 3.6% to $96.8 million
• adjusted operating income increased 4.7% to $70.1 million
• adjusted net income increased 3.5% to $39.6 million
• adjusted diluted earnings per common share increased 2.3% to $0.45

For the three and six months ended June 30, 2011 and 2010 diluted earnings per share were $0.45 and $0.34 and $0.78 and $0.70, respectively. The second quarter of 2010 included a non-cash charge of $14.5 million, or $8.9 million after tax for future estimated executive compensation. Excluding this charge, adjusted diluted earnings per share for the three and six months ended June 30, 2010 were $0.44 and $0.81, respectively.

 

Bob Antin, Chairman and CEO, stated, "We had a very active quarter with
the acquisition of BrightHeart Veterinary Centers which operates nine animal hospitals with annual revenues of approximately $53.0 million, eight of which focus on the delivery of specialty and emergency medicine and a general practice in Charlotte, North Carolina. We have enjoyed a long relationship with the management of BrightHeart and believe they will be an excellent addition to our strategic focus of providing the highest level of service in the communities we serve.

 

As previously announced, VCA Antech entered into an agreement to purchase MediMedia Animal Health, LLC, which operates under the name VetStreet. VetStreet is the nation's largest provider of online communications, professional education and marketing solutions to the veterinary community. VetStreet is a rapidly growing company that has relationships with aproximately 5,000 animal hospitals which facilitates the veterinarians' ability to communicate to more than 20 million pet owners. We believe that VetStreet will enhance VCA Antech's ability to serve the community of veterinary professionals and provide them a more effective channel to educate and communicate with their clients."

 

Access the live broadcast of this report 

 

Pethealth Inc. Announces increased Income on Lower Revenues

16% Increase in Pre-Tax Income, 5% Decrease in Revenues and the results for the Quarter ended 31 March 2011

Pethealth Inc. (TSX:PTZ) ("Pethealth" or "the Company") today announced Financial Highlights:

Quarter ended 31March 2011

• Total revenue for the quarter ended March 31, 2011 was $7.96 million, down 5% from Q1 2010.
• Net income, before taxes, was $746,000 vs. $645,000, up 16% over the prior year.
• Net income, after taxes, for the quarter was $605,000 ($0.001 per share after giving effect to the $585,000 dividend payment made in the first quarter) compared to the prior year's after tax net income of $557,000 (($0.002) per share after giving effect to the $585,000 dividend payment made in the first quarter of 2010), up 9%.
• EBITDA (see non IFRS accounting measures) for the quarter was $1.21 million, up 9% from the same period in the prior year.
• Adjusted EBITDA (see non IFRS accounting measures) was $1.23 million for the quarter, up 20% from the same period in the prior year.
• The 5% and 3% appreciation of the Canadian dollar against the US dollar and the British pound respectively had a significant impact on comparative year over year results.

Transition to IFRS
This reporting period is the first under International Financial Reporting Standards (IFRS). A comprehensive summary of all the changes, including reconciliations of Canadian GAAP financial statements to those prepared under IFRS is presented in Note 22 "Transition to IFRS" of the Company's unaudited March 31, 2011 Condensed Consolidated Interim Financial Statements.

Adopting IFRS did not impact the cash the Company generates or how it conducts its businesses. Additionally, the transition to IFRS did not have a significant impact on the Company's reported results for the current or comparative quarters but did however have an impact on its accounting policies, the most significant of which relate to the Company's translation of foreign currency balances upon the consolidation of its US subsidiaries and its calculation of share based compensation expenses.

All results and balances reported in the release, including 2010 comparative results and balances, have been presented under IFRS. 

For more information

PetSmart Reports Financial Results

For the quarter, earnings per share were up 26% to $0.77. Comparable

store sales, or sales in stores open at least a year, grew 6.3%,

benefitting from comparable transactions growth of 4.4%. Total sales for

the quarter were up 8.1% to $1.5 billion, partially impacted by $4

million in favorable foreign currency fluctuations. Services sales,

which are included in total sales, grew 7.2% to $152 million.

For the year, the company delivered earnings per share of $2.01, up 26%

compared to $1.59 last year. Comparable store sales grew 4.8%,

benefitting from comparable transactions growth of 2.1%. Total sales for

the year were $5.7 billion, up 6.7%, including a favorable impact from

foreign currency fluctuations of $25 million, and services sales grew

7.5% to $619 million.

During the year, the company generated $458 million in operating cash

flow and spent $125 million in capital expenditures. In addition, the

company repurchased $263 million of PetSmart stock during 2010, with

$100 million repurchased during the fourth quarter. The company also

distributed $53 million in dividends during 2010, ending the year with

$353 million in cash, cash equivalents and restricted cash and zero

borrowings on its credit facility.

"We are pleased to report that we exceeded our goals for 2010 and

delivered record results," said Bob Moran, Chief Executive Officer and

President. "Our third consecutive quarter of accelerating comparable

transactions growth as well as a strong holiday performance led to

better-than-expected results for the quarter."

PetSmart management has scheduled a teleconference for 4:30 p.m. EST on

March 2, 2011, to discuss results for the fourth quarter and fiscal year

2010.  This teleconference will be webcast live for all investors at http://www.petm.com/  or  http://www.streetevents.com/