Heska Corporation Reports Third Quarter 2020 Results

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Heska (HSKA) Tops Q3 EPS by 41c, Revenues Beat

November 5, 2020 8:20 AM EST

Heska (NASDAQ: HSKA) reported Q3 EPS of $0.08, $0.41 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $56.6 million versus the consensus estimate of $48.45 million.

Third Quarter 2020 Highlights

Record quarterly revenue growth led by strong POC Lab Consumables and recent scil acquisition. North America POC Lab Consumables sales up 15.2% in period and up 9.7% year to date.
As anticipated, consolidated gross margin was impacted by acquired lower scil margin. Year-over-year, North America quarterly sales rose 16.4% at 48.3% gross margin (+430 bps compared to prior year) and International sales and gross margin... More