Analyst Note
| Rachel Elfman |Charles River announced fourth-quarter revenue of $791 million, ahead of our and FactSet’s consensus expectations, driven by 10.3% organic revenue growth and full-year revenue of $2.9 billion, growing 11.5% from the prior year. Full-year GAAP operating margin increased 140 basis points to 14.8% due to efforts to drive operating efficiency and temporary cost reductions related to COVID-19.