Phibro Animal Health Q1 Profit Rises - Quick Facts

(RTTNews) - Phibro Animal Health Corporation (PAHC) reported first-quarter net income of $20.5 million or $0.52 per share, compared to $5.8 million or $0.19 per share, prior year. Adjusted earnings per share was $0.51, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.35 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $187.5 million from $162.2 million last year. Analysts expected revenue of $174.93 million for the quarter.

The company updated its guidance for the 2015 fiscal year to reflect an increase of $4 million attributable to accelerated licensing revenue and profit for vaccine delivery technology. Net sales are now expected to be in the range of $739 - $759 million, representing growth of 7% - 10%. Adjusted EPS is expected to be in the range of $1.57 - $1.62. Analysts expect the company to report full year earnings per share of $1.49 on revenue of $741.99 million.