Profile: MWI Veterinary Supply Inc (MWIV.O)

MWIV.O on Nasdaq

143.00USD
29 Aug 2014
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MWI Veterinary Supply, Inc. (MWI), incorporated on May 31, 2002, is a distributor animal health product to veterinarians across the United States and United Kingdom. The Company’s products include pharmaceuticals, vaccines, parasiticides, diagnostics, capital equipment, supplies, specialty products, veterinary pet food and nutritional products. MWI markets the products to veterinarians in both the companion animal and production animal markets. The Company also offers its customers a variety of value-added services, including e-commerce platform, pharmacy fulfillment, inventory management system, equipment procurement consultation, special order fulfillment, educational seminars and pet cremation. In November 2013, MWI Veterinary Supply, Inc. completed the acquisition of all of the assets of IVESCO Holdings LLC.

During fiscal year ended September 30, 2013 (fiscal 2013), the Company sold approximately 41,000 products in the United States, of which over 19,000 are stocked in its distribution centers, sourced from approximately 700 vendors. During fiscal 2013, the Company sold approximately 22,000 products in United Kingdom, of which nearly 12,000 are stocked in its distribution center, sourced from approximately 400 vendors. For its fiscal year ended September 30, 2013, its product revenues in the United States were comprised of approximately 34% pharmaceutical products, 15% vaccine products, 13% parasiticide products, 9% micro feed ingredients, 8% diagnostic products, 3% capital equipment products and 18% of other supplies. In addition, the Company sells approximately 800 products in the United States under agency agreements with its vendors. Micro’s offering includes feed, health, information and production management systems, as well as micro feed ingredients. As of September 30, 2013, it served a majority of the veterinary practices and producers located throughout the United States and approximately one-third of the veterinary practices in the United Kingdom.

Pharmaceuticals, Vaccines, Parasiticides and Micro Feed Ingredients

The Company offers its customers a variety of pharmaceuticals, vaccines and parasiticides. Its pharmaceutical products typically include anesthetics, analgesics, antibiotics, ophthalmics and hormones. Its vaccine products are primarily consists of small animal, equine and production animal biologicals. Its parasiticides are used for control of fleas, ticks, flies, mosquitoes and internal parasites. Micro feed ingredients are feed grade products such as pharmaceuticals, vitamins, minerals and other nutritional products that are used to optimize the health and performance of production animals.

Diagnostics, Capital Equipment and Supplies

The Company offers a range of diagnostics, capital equipment and supplies to veterinarians. Diagnostic sales typically include consumable in-clinic tests for detecting heartworm, lyme, feline leukemia and parvovirus, as well as consumable products for measuring blood chemistry, electrolyte balance and cell counts. Its capital equipment sales include anesthesia machines, surgical monitors, diagnostic equipment, dental machines, cages, lights and x-ray machines. Its sales of supplies include syringes, instruments, bandages, IV products, surgical consumables, grooming materials and other small equipment items used by veterinary practices.

Veterinary Pet Food and Nutritional Products

The Company offers its customers a selection of veterinary pet foods and nutritional products. The Company considers veterinary pet food to consist of two categories: foods for specialty diets and premium pet foods. Specialty diets are recommended by veterinarians to address specific medical and nutritional needs. Premium pet foods are recommended by veterinarians to promote optimal nutrition in healthy animals. Pet foods are typically sold under agency agreements. Nutritional products include dietary supplements, vitamins, dental chews and specialty treats which either help address specific medical conditions or are compatible with recommended nutritional guidelines.

Value-Added Services

The Company offers its customers a variety of value-added services. These services include E-commerce platform, Pharmacy fulfilment, Inventory management system, Equipment procurement consultation, Special order fulfilment, Educational seminars and Pet cremation. E-commerce platform is an online ordering system that provides information to veterinary practices on products, vendor programs and purchasing history. Pharmacy fulfilment is a shipment of prescription production and companion animal health products to end-users in the United States on behalf of veterinarians from the Company’s four licensed pharmacies located in Amarillo, Texas; Edwardsville, Kansas; Elizabethtown, Pennsylvania; Whitestown, Indiana; Nampa, Idaho; and Shakopee, Minnesota and a licensed veterinary food-animal drug retailer in Visalia, California. Inventory management system is a system that facilitates counting, maintaining and ordering inventory in veterinary practices. Equipment procurement consultation includes consultation and demonstrations provided by its capital equipment specialists in the United States. Special order fulfillment is engaged in procurement and shipment of approximately 18,000 products in the United States. Educational seminars consists of seminars for customers covering business and medical topics, sponsored in conjunction with its vendors. Pet cremation consists of business units operating with facilities in Idaho and Wisconsin that serve veterinary practices and their clients by providing cremation services.

The Company competes with Animal Health International, Inc., Henry Schein Animal Health; Midwest Veterinary Supply ans Patterson Veterinary.

Company Address

MWI Veterinary Supply Inc

3041 W. Pasadena Dr.
BOISE   ID   83705
P: +1208.9558930
F: +1302.6365454

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