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Animal Health News & Notes for April 23, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for April 23, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news: Elanco eMerge Interactive Fort Dodge Hill’s IDEXX Intervet Novartis Pfizer Schering-Plough Virbac other news: Aventis Bioniche Bioproducts Inc. Del Monte IVD Lallemand Medi-Cal Novartis Pfizer Royal Canin Sanofi-Synthelabo Techni-Cal Tridelta VetCentric Vetoquinol ****************************************************************** BRAKKE CONSULTING, INC. Executive and Sales Force Recruiting Services – How much industry experience would you like in a search firm you retain? – Has the search firm you use ever filled an animal health position? – Has the search firm your company is utilizing participated in and supported industry events? If you are using Brakke Consulting as your animal health search firm, you are already aware that we focus on the animal health, pet and veterinary markets. We have filled over 200 positions at all management levels within the industry in the past 10 years. Brakke Consulting is intimately involved with and supports the animal health industry. We provide top-quality search services at competitive rates. Please call or e-mail one of our offices for more information on our recruiting services. www.BrakkeConsulting.com ****************************************************************** COMPANY EARNINGS RELEASES > Pfizer reported first quarter 2004 revenues for its animal health division were $428 million,
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April 23, 2004
Animal Health News & Notes for April 16, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for April 16, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings news: Alcide Cargill Dechra Pharmaceuticals Pet Valu other news: Abaxis Alltech Creekstone Farms Henry Schein IDEXX Novus International Opus Inc. Veterinary Learning Systems Wolfgang Röthel GmbH ****************************************************************** BRAKKE CONSULTING, INC. Executive and Sales Force Recruiting Services – How much industry experience would you like in a search firm you retain? – Has the search firm you use ever filled an animal health position? – Has the search firm your company is utilizing participated in and supported industry events? If you are using Brakke Consulting as your animal health search firm, you are already aware that we focus on the animal health, pet and veterinary markets. We have filled over 200 positions at all management levels within the industry in the past 10 years. Brakke Consulting is intimately involved with and supports the animal health industry. We provide top-quality search services at competitive rates. Please call or e-mail one of our offices for more information on our recruiting services. www.BrakkeConsulting.com ****************************************************************** COMPANY EARNINGS RELEASES > Cargill reported $259 million in earnings from continuing operations for the 2004 third quarter ended Feb. 29, up 7% from $243 million
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April 16, 2004
Animal Health News & Notes for April 9, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for April 9, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* last week to order at discounted price: New Brakke Study on Pain Management Products! click here for more information. JUMP TO: earnings news: Swift & Co. other news: Abbott Labs Agriliance Agronomy Co. of Canada Aventis Bioject Bowwowsbest Christensen Farms CHS Creekstone Farms Embrex Farmland Industries Grampian Heartland Pork Land O’Lakes Lextron Maple Leaf Foods Merial Nanco Novartis Prionics ProVet Roche Diagnostics Smithfield Foods Smiths Medical PM Surgivet Triad Specialty Products Tyson Foods (research center) Tyson Foods (plant closures) Uniq United Country Brands Webster Veterinary Supply ****************************************************************** THE ROLE OF A CONSULTANT/AGENT IN ACQUISITIONS AND DIVESTITURES Here are some of the services Brakke Consulting can provide to assist you in an acquisition or divestiture process: Development and assessment of alternatives – evaluation of buyer or seller – assess candidates on business & cultural fit – analyze potential transactions Transaction execution – support company in preparing and providing information – assist in managing due diligence process – assist in negotiations Brakke Consulting will provide details related to additional services in future newsletters. Please call or e-mail one of our offices for more information
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April 9, 2004
Animal Health News & Notes for April 2, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for April 2, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* NOW AVAILABLE: New Brakke Study on Pain Management Products! click here for more information. JUMP TO: earnings news: Boehringer Ingelheim Vetmedica other news: AgInfoLink Alltech Aquarium Products Banfield Biocor CSL Animal Health Central Garden & Pet Fort Dodge (Duramune Adult) Fort Dodge (Banfield) Fort Dodge (TransForm) Interpet Ltd. PETsMART Pfizer Pro Brands Schering-Plough Smithfield Foods TransForm Pharmaceuticals Tyson Foods ****************************************************************** THE ROLE OF A CONSULTANT/AGENT IN ACQUISITIONS AND DIVESTITURES Here are some of the services Brakke Consulting can provide to assist you in an acquisition or divestiture process: Development and assessment of alternatives – valuation – assessment of strategic position – assessment of “keep” versus “sell” – independent view of the alternatives Initiate discussions with candidate partners – sell candidates on value – create a framework for discussions – facilitate meetings at senior executive level Brakke Consulting will provide details related to additional services in future newsletters. Please call or e-mail one of our offices for more information on our services. ****************************************************************** COMPANY EARNINGS RELEASES > Boehringer Ingelheim reported year-end revenues for its animal health division, Boehringer Ingelheim Vetmedica, were
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April 2, 2004
Animal Health News & Notes for March 26, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for March 26, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* ATTENTION: Brakke Consulting’s website and email are now functioning again. Thank you for your patience and understanding. NOW AVAILABLE: New Brakke Study on Pain Management Products! click here for more information. JUMP TO: earnings news: ConAgra Foods Neogen other news: ACell Aventis Bayer CropScience Boehringer Ingelheim Vetmedica Gustafson IDEXX Matrix MicroScience Merial Novartis Nutreco Agriculture OmniGen Research Petco PetEdge Prince Agri Products Tyson Fresh Meats Veterinary Learning Systems ****************************************************************** ### NEW BRAKKE CONSULTING REPORT ### PAIN MANAGEMENT PRODUCTS FOR DOGS AND CATS *****NOW AVAILABLE***** Pain management is one of the leading topics in veterinary medicine today. While pain management products for dogs and cats represented a minor part of the pharmaceuticals market a decade ago, they now represent a substantial market segment of approximately $175 million in the US, with potential still to be tapped. Three new pain management products for dogs were launched in the US in the past 18 months. The new Brakke Consulting report, Pain Management Products for Dogs and Cats, includes information on these new market entries and how they have performed since their introduction, as well as how their introduction has affected the market.
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March 26, 2004
Animal Health News & Notes for March 19, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for March 19, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* New Brakke Study on Pain Management Products! ***available for shipping next week*** IN THE NEWS: earnings news: Bayer Doane Pet Care Embrex Evialis Provimi other news: Agen Biomedical Antigenics Aventis Bayer Bio-Rad Laboratories Cedar Fresh Elanco (Elector) Elanco (ractopamine) Harvest Ventures Lallemand Animal Nutrition Novartis (Aventis negotiations) Novartis (CAPC) Phoenix Scientific Pro Brands Sanofi Synbiotics Trouw Nutrition UltraPet Virbac Corp Virbac S.A. ****************************************************************** ### NEW BRAKKE CONSULTING REPORT ### PAIN MANAGEMENT PRODUCTS FOR DOGS AND CATS Pain management is one of the leading topics in veterinary medicine today. While pain management products for dogs and cats represented a minor part of the pharmaceuticals market a decade ago, they now represent a substantial market segment of approximately $175 million in the US, with potential still to be tapped. Three new pain management products for dogs were launched in the US in the past 18 months. The new Brakke Consulting report, Pain Management Products for Dogs and Cats, includes information on these new market entries and how they have performed since their introduction, as well as how their introduction has affected the market. It also addresses how attitudes toward pain management in
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March 19, 2004
Animal Health News & Notes for March 12, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for March 12, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* New Brakke Study on Pain Management Products! click here for more information. JUMP TO: other news: Alcide Bayer Ecolab Murphy-Brown OXIS International PetEdge PPL Therapeutics Smithfield Foods Virbac ****************************************************************** ### NEW BRAKKE CONSULTING REPORT ### PAIN MANAGEMENT PRODUCTS FOR DOGS AND CATS Pain management is one of the leading topics in veterinary medicine today. While pain management products for dogs and cats represented a minor part of the pharmaceuticals market a decade ago, they now represent a substantial market segment of approximately $175 million in the US, with potential still to be tapped. Three new pain management products for dogs were launched in the US in the past 18 months. The new Brakke Consulting report, Pain Management Products for Dogs and Cats, includes information on these new market entries and how they have performed since their introduction, as well as how their introduction has affected the market. It also addresses how attitudes toward pain management in veterinary medicine has changed in the past several years, including results from veterinarian surveys in 2001 and 2004. The study includes information such as: – overview of acute and chronic pain in small animals –
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March 12, 2004
Animal Health News & Notes for March 5, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for March 5, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* 2004 Animal Health Directories are now available! See below for more information. IN THE NEWS: earnings: Alpharma CEVA Sante Animale PETsMART other news: CEVA Sante Animale Efoora Equine Biodiagnostics IDEXX Kemia Merial Monsanto Parmalat USA Prion Developmental Labs Solutia ******************************************************************** 2004 US ANIMAL HEALTH DIRECTORY The 2004 US Animal Health Manufacturers, Distributors, and Services Directories are here and ready for shipment! The Directory is a valuable desk reference for anyone in the animal health and related industries. There are 314 company listings in this year’s directory, which combines the Manufacturers and Distributors into a single directory for the first time. Each company listing includes contact information, general email address, web address, company descriptions, and up to 4 key personnel (when supplied). Order yours today by calling Jane Morgan at 972-243-4033 or by ordering online at www.brakkeconsulting.com and clicking on the “Industry Directories” button. We now accept credit cards for payment. The Directory is $250.00 for the first copy, and $75.00 for each additional copy to the same company address. ******************************************************************** COMPANY EARNINGS RELEASES > Alpharma announced results for the fourth quarter 2003 for its animal health division. Fourth quarter
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March 5, 2004
Animal Health News & Notes for February 27, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for February 27, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* 2004 Animal Health Directories are now available! Go to www.brakkeconsulting.com//inddir1.html for more information. IN THE NEWS: earnings: Heska Ridley Smithfield Foods VCA Antech other news: Agway Alltech AVANT Immunotherapeutics BioProducts Chr. Hansen Creekstone Farms Lallemand Lohmann Animal Health Old Mother Hubbard PharmaGap Synbiotics Trouw Nutrition Vitamex NV ******************************************************************** 2004 US ANIMAL HEALTH DIRECTORY The 2004 US Animal Health Manufacturers, Distributors, and Services Directories are here and ready for shipment! The Directory is a valuable desk reference for anyone in the animal health and related industries. There are 314 company listings in this year’s directory, which combines the Manufacturers and Distributors into a single directory for the first time. Each company listing includes contact information, general email address, web address, company descriptions, and up to 4 key personnel (when supplied). Order yours today by calling Jane Morgan at 972-243-4033 or by ordering online at www.brakkeconsulting.com and clicking on the “Industry Directories” button. We now accept credit cards for payment. The Directory is $250.00 for the first copy, and $75.00 for each additional copy to the same company address. ******************************************************************** COMPANY EARNINGS RELEASES > VCA Antech, Inc. reported financial results for
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February 27, 2004
Animal Health News & Notes for February 20, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for February 20, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings: Maple Leaf Foods OurPets Company Provimi Webster Veterinary Supply other news: Dow AgroSciences Elanco eMerge Interactive Ivy AH Lallemand Tyson Foods Tyson Fresh Meats VetLife Virbac Corp. ******************************************************************** COMPANY EARNINGS RELEASES > Patterson Dental Company reported results for the third quarter of fiscal 2004 ended January 24. Sales of the Webster Veterinary Supply unit increased 7% in the third quarter to $43 million, consistent with prior public statements related to the impact of converting a major but temporary pharmaceutical distribution agreement into an agency arrangement. This conversion was largely completed prior to the start of this year’s third quarter. The absence of the distribution agreement is expected to have a positive impact on Webster’s gross margins. (Business Wire) > Maple Leaf Foods Inc. reported its financial results for the fourth quarter and year ended December 31, 2003. Sales for the fourth quarter of $1.0 billion were consistent with last year, while earnings from operations were $49.14 million compared to $46.91 million. Last year’s fourth quarter results included an $6.65 million pre-tax pension plan wind-up gain in the Meat Products Group. Adjusting for the pension plan wind-up gain, the Company’s
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February 20, 2004
Animal Health News & Notes for February 13, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for February 13, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* You can now use this section to jump directly to a news item about a particular company. Simply click on the company name. Come see what’s new in the Overview at the WVC! “Your Customers, Now and in the Future” 2004 Overview at the Western Veterinary Conference Monday, February 16 – reserve your seat now! JUMP TO: earnings: eMerge Interactive Premium Standard Farms other news: Bayer Crucell NV IBP Lallemand Animal Nutrition Monsanto Norwich Food Company Novartis PetCARE TV Pfizer Ridpath Pek Smithfield (Murphy Brown) Smithfield (UK acquisitions) Tyson Foods Virbac Corp. ******************************************************************** COMPANY EARNINGS RELEASES > PSF Group Holdings Inc., the parent company of pork processor Premium Standard Farms Inc., reported a net loss of $0.8 million in the third quarter of fiscal 2004, compared to the net loss of ($12.3 million) in the same period last year. Net sales for the quarter totaled $200 million, up 30% percent from the comparable period last year. Net loss in the first nine months of fiscal 2004 was ($1.1 million) compared with a net loss of ($27.0 million) in the same period for last year. Sales for the first nine months of
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February 13, 2004
Animal Health News & Notes for February 6, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for February 6, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* Come see what’s new in the Overview! “Your Customers, Now and in the Future” 2004 Overview at the Western Veterinary Conference Monday, February 16 – reserve your seat now! IN THE NEWS earnings: Central Garden & Pet Hill’s Intervet Merial other news: Agway Feed & Nutrition Bayer Campofrio Alimentacion Cargill Del Monte Diversa Hill’s IVD Medi-Cal Merial MetaMorphix MMI Genomics Parmalat PetCARE TV Royal Canin Smithfield Techni-Cal Virbac ******************************************************************** COMPANY EARNINGS RELEASES > Aventis reported results for the year-end 2003 for its animal health division Merial. Sales by the Merial 50-50 joint venture with Merck & Co., which is accounted for using the equity method, amounted to 1,626 million euros in 2003 compared to 1,825 million euros in 2002, a decline of 11%. The company reported a +3% activity variance. (company website) > Akzo Nobel reported results for the 4th quarter and year-end 2003 for its animal health division Intervet. Sales for the 4th quarter were 256 million euros ($320 million), a decrease of 3% compared to the fourth quarter of 2002. Sales for the year 2003 were 1,010 million euros ($1,270 million), a decrease of 7% compared to 2002. Intervet
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February 6, 2004
Animal Health News & Notes for January 30, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for January 30, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* DEADLINE FOR EARLY RESERVATION DISCOUNT IS FEB. 2nd! come see what’s new in the Overview 2004 Overview at the Western Veterinary Conference Monday, February 16 – reserve your seat now! IN THE NEWS: earnings: Abaxis Elanco IDEXX Neogen PetMed Express Pilgrim’s Pride Schering-Plough Tyson Foods other news: Aventis Cargill Crop Nutrition IMC Global Maple Leaf Nylabone Pfizer Pyxis Genomics Taminco UCB ******************************************************************** COMPANY EARNINGS RELEASES > Eli Lilly reported financial results for the fourth quarter and year-end 2003 for its animal health division Elanco. Sales for the fourth quarter were $213 million, an increase of 9% compared to the fourth quarter of 2002. Sales for the year were $727 million, an increase of 5% compared to the year 2002. (company website) > Schering-Plough Corporation reported financial results for the 2003 fourth quarter and full year for its animal health division. Revenues were $214 million, an increase of 11% compared to the fourth quarter of 2002. Revenues for the full year were $697 million, an increase of 3% compared to 2002. (company website) > IDEXX Laboratories reported that revenue for the fourth quarter of 2003 increased 18%
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January 30, 2004
Animal Health News & Notes for January 23, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for January 23, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* You can now use this section to jump directly to a news item about a particular company. Simply click on the company name. Sign up now to reserve your seat for the 2004 Overview at the Western Veterinary Conference in February JUMP TO: earnings: Fort Dodge Novartis Pfizer Virbac SA other news: Abbott Labs Boehringer Ingelheim Enfer Scientific eMerge Interactive Farnam Heska Intervet Luitpold Merial Novartis PetMed Express PharmaGap Plumrose USA Virbac Corp. ******************************************************************** COMPANY EARNINGS RELEASES > Pfizer announced results for its Animal Health division for the 4th quarter and year-end 2003. Year-end revenues were $1,598 million, a 43% increase over 2002, which reflects the 2003 acquisition of Pharmacia. Fourth-quarter revenues were $508 million, an increase of 57%. Fourth quarter results reflect the addition of the Pharmacia product portfolio, and were driven by strong performances by the companion animal products Rimadyl, Revolution and Clavamox/Synulox, and cattle biologicals, and by favorable currency exchange rates. (company website) top > Novartis reported results for its Animal Health division for the 4th quarter and year-end 2003. Full-year sales of $682 million, an increase of 9% compared to 2002, were driven by double-digit growth in
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January 23, 2004
Animal Health News & Notes for January 16, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for January 16, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings: Alcide Cargill Swift & Co. other news: AB Technology Animal Nutrition Products Banfield Bayer BioniCare Medical Technologies Bioniche Cargill Meat Solutions Dechra Pharmaceuticals Janssen Lallemand PetCode Pfizer Prionics Ritchey Tagg SureBeam Swift & Co. Synbiotics Triad Specialty Products ******************************************************************** COMPANY EARNINGS RELEASES > Swift and Co. reported $15.4 million in 2003 second quarter income compared to $13.7 million in 2002. Net sales for the corporation totaled $2.5 billion, a 23% increase over second quarter 2002 sales. Swift Pork operating income increased 87% to $32.1 million. (Wattnet Meatnews) > Cargill Inc.’s earnings rose 65% in its second quarter due to strength in several of its agricultural businesses and a onetime gain. The company reported it earned $518 million in the quarter ended Nov. 30 from $314 million a year earlier. Cargill does not release revenue totals or results for individual units. But it said its second-quarter growth was driven by its global grain, oilseed, cocoa, and starch and sweetener businesses. It said beef processing and cattle feeding results were strong, although high costs for cattle hurt beef earnings late in the quarter. (AP) > Alcide Corporation released financial results for its
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January 16, 2004
Animal Health News & Notes for January 9, 2004
printer friendly version ******************************************************************* Brakke Consulting’s Animal Health News & Notes for January 9, 2004 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: other news: Advanced ID Central Garden & Pet Daiichi eMerge Interactive IAMS Kent Marine Land O’Lakes Meiji Seika Merial Novartis Phibro Animal Health PPL Therapeutics Virbac ******************************************************************** COMPANY NEWS RELEASES > Virbac Corporation announced the introduction of Clintabs (clindamycin hydrochloride) Tablets, the first veterinary clindamycin tablet formulation for dogs in the US. Until now, clindamycin was available only as a liquid. Clintabs are available in 25mg, 75mg and 150mg tablet presentations and are used to treat infections of the oral cavity, skin, and bone. In addition to the tablets, Virbac is also introducing Clinsol (clindamycin hydrochloride) Liquid, a liquid formulation of clindamycin for use in dogs and cats. (Business Wire) > Central Garden & Pet Company announced that it has acquired substantially all of the assets of Kent Marine, Inc. Kent Marine markets and sells premium aquarium supplies domestically and internationally . Kent Marine is a leading supplier of saltwater aquarium supplements and conditioners with annual sales of approximately $7 million. Terms were not disclosed. (Business Wire) > Merial announced the release of a new equine vaccine: RECOMBITEK Equine West Nile Virus (WNV) vaccine. The USDA recently approved RECOMBITEK Equine West
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January 9, 2004
Animal Health News & Notes for December 31, 2003
******************************************************************* Brakke Consulting’s Animal Health News & Notes for December 31, 2003 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: US reports first case of BSE USDA announces new slaughterhouse policies Reaction to BSE announcement in domestic and international markets (see Animal Health News section for items on BSE) earnings: ConAgra Pet Valu other news: AGEN Asahi Kasei Pharma Biopure Dow AgroSciences ETHICON Excel Intervet Kyoritsu Seiyaku Mitaka Pharmaceuticals Norbrook Labs Novartis Optibrand PETCO PetzLife Swift & Co. Synbiotics Vedco ******************************************************************** COMPANY EARNINGS RELEASES > ConAgra Foods reported results for the second quarter ended Nov. 23, 2003. Second quarter earnings rose nearly 15%, despite an overall decline in sales. Net income was $270.1 million in the quarter ended Nov. 23, compared with $235.8 million in the same period last year. Sales were $3.8 billion, compared with $4.5 billion for last year’s second quarter. Comparison of year-over-year results reflect the strategic divestiture of non-core businesses during the fiscal year, and sales and operating results for the current and prior year reflect the reclassification of chicken processing and United AgriProducts as discounted operations. (company website, AP) > Pet Valu reported net income of US$390,000 on revenues of US$30.2 million for the third quarter ended September 27, 2003, compared to net income of US$45,000 on
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December 31, 2003
Animal Health News & Notes for December 19, 2003
******************************************************************* Brakke Consulting’s Animal Health News & Notes for December 19, 2003 Copyright © Brakke Consulting, Inc. ******************************************************************* You can now use this section to jump directly to a news item about a particular company. Simply click on the company name. JUMP TO: earnings: Virbac Corp. other news: Alpharma Bon Appetit Breuil Ceva CSL Animal Health Embrex Intervet New Tech Solutions Novartis Pfizer Pyxis Genomics VIN ******************************************************************** COMPANY EARNINGS RELEASES > Virbac Corporation released preliminary estimates of its third quarter 2003. (The Company previously reported that it would delay the filing of its Quarterly Report on Form 10-Q for the three months ended September 30, 2003 pending the completion of an inquiry being conducted by the Audit Committee of its Board of Directors.) The Company estimates that it will report net revenues of approximately $17.2 million and net loss of $1.0 million for the three months ended September 30, 2003. These estimated results were affected by an allowance for excess inventory recorded in the third quarter. (Business Wire) top ******************************************************************** THE 2003 FLEA & HEARTWORM STUDY IS HERE! Brakke Consulting’s 2003 US Flea Control and Heartworm Markets LAST DAY TO PLACE AN ORDER AT THE EARLY-ORDER PRICE This year’s report includes an all-new veterinarian survey, exploring such topics as
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December 19, 2003
Animal Health News & Notes for December 12, 2003
******************************************************************* Brakke Consulting’s Animal Health News & Notes for December 12, 2003 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings: Dainippon Danish Crown Sanderson Farms other news: Bommeli Diagnostics Danish Crown IDEXX Intervet Metafarms Novartis Schering-Plough Signature Farms United Feeds VPL ******************************************************************** COMPANY EARNINGS RELEASES > Sanderson Farms reported net sales for the fourth quarter of fiscal 2003 ended Oct. 31 were $255 million compared with $201 million for the same period a year ago. For the quarter, the company reported net income of $20.5 million compared with net income of $6.5 million for the fourth quarter of fiscal 2002. For the fiscal year ended Oct. 31, 2003, net sales were $872 million, a 17% increase compared with the prior year. The company reported net income of $54.1 million for fiscal 2003, compared with net income of $28.8 million for fiscal 2002. (Meating Place) > Danish Crown reported that Group turnover declined to DKK 40.4 billion ($6.3 billion) from DKK 42.9 billion ($6.7 billion) in the 12 months ended Sept 28, 2003. The company stated that reduced activity within the Group’s trading companies was a contributory factor. In volume terms, developments within the Group’s core area, however, increased during the year and despite a decline in turnover, profits were maintained at last year’s
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December 12, 2003
Animal Health News & Notes for December 5, 2003
******************************************************************* Brakke Consulting’s Animal Health News & Notes for December 5, 2003 Copyright © Brakke Consulting, Inc. ******************************************************************* IN THE NEWS: earnings: Bioniche Dainippon Del Monte other news: Animix LLC AVI BioPharma Banfield Bioniche Butler ConAgra Degussa Eklin Medical Systems Embrex eMerge Interactive Ferno Veterinary Systems Fort Dodge Hartz Mountain Iowa Premium Pork Nestle Purina Newsham Genetics Pennexx Foods Pfizer Smithfield ******************************************************************** COMPANY EARNINGS RELEASES > Dainippon Pharmaceuticals reported that sales of its animal science division for the first half of 2003 ended September 30, 2003 increased by 11.2% to 30,818 million yen ($275 million) compared with the prior-year period. This increase is mainly due to the acquisition of the animal health business of Tanabe Seiyaku in November 2002. (company news) > Del Monte Foods Company reported lower Pet Products sales for the second quarter ended October 26, 2003. The lower sales reflected the continued anticipated reduction in sales of the non-core portions of the Pet Products portfolio and the impact of a price increase on 9Lives cat food. (Business Wire) > Bioniche Life Sciences Inc. announced financial results for the first quarter ended September 30, 2003. Animal Health product sales during the first quarter were $5.6 million, a decrease of $0.4 million, or 7%, from the same period last year. This decrease is
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December 5, 2003
Page 61 of 73
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