CRLCharles River Laboratories

Health care · Research Services · NYSE

We began operating in 1947 and, since then, have undergone several changes to our business structure. 10-K, Item 1

Employees: 19,700
Headquarters: Wilmington, MA
CEO: Birgit Girshick
Next results: around Jan 12, 2027

What the 10-K filed 2026-02-18 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-19.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

“No single client accounted for more than 4% of revenue in fiscal years 2025, 2024, or 2023 or trade receivables as of December 27, 2025 or December 28, 2024.”
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Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

“In certain instances, the raw materials and other items may only be supplied by a limited number of suppliers or in limited quantities.”
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Lawsuits and legal claims

1 new

Pending cases, settlements and what the company has set aside for them.

“An amended complaint was filed on November 14, 2023 that, among other things, included only James Foster, the Chief Executive Officer and David R.”
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“On July 30, the plaintiff filed a notice of appeal in the United States Court of Appeals for the First Circuit.”
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New “On October 16, 2025, the plaintiff filed a motion to withdraw the State Teachers Retirement System of Ohio as lead plaintiff, due to lack of statutory standing, and substitute Oklahoma Firefighters Pension and Retirement System.”
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“On November 8, 2023, a stockholder filed a derivative lawsuit in the U.S.”
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“On August 2, 2024, a different stockholder filed a lawsuit in the U.S.”
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Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

“The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited.”
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Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“The Credit Facility includes certain customary representations and warranties, events of default, notices of material adverse changes to the Company’s business and negative and affirmative covenants.”
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“These covenants include (1) maintenance of a ratio of consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) less capital expenditures to consolidated cash interest expense, for any period of four consecutive fiscal quarters, of no less than 3.50 to 1.0 as well as (2) maintenance of a ratio of consolidated indebtedness plus principal outstanding in connection with any permitted receivables financing to consolidated EBITDA for any period of four consecutive fiscal quarters, of no more than 4.25 to 1.0.”
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Commitments off the balance sheet

1 new

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“Our off-balance sheet commitments related to our outstanding letters of credit as of December 27, 2025 were $22.0 million.”
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“As of December 27, 2025, we had approximately $340 million of unconditional purchase obligations, the majority of which are expected to be settled during 2026.”
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New “The aggregate amount of the Company’s unconditional purchase obligations totaled approximately $340 million as of December 27, 2025 and the majority of these obligations are expected to be settled during 2026.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

Work on CRL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CRL/export.csv") into a cell.