Charles River Laboratories recorded a net loss in the first quarter. The company also disclosed plans to lay off 71 employees. A one-time $118 million charge from asset sales led to the net loss. Without this charge, adjusted earnings per share beat expectations. New CEO Birgit Girshick introduced a strategic framework for future operations.
Wilmington, Massachusetts
https://www.masslive.com/news/2026/05/charles-river-laboratories-posts-loss-amid-dozens-of-layoffs-says-turnaround-on-track.html