A record year

Fiscal year 2005, which ended March 31, was the best year yet for Lancaster Laboratories, as evidenced by strong revenue growth and enhanced capabilities and services. Total revenues grew by more than 12 percent to $63 million. These year-end results mirror a pattern of growth that has marked the company’s history for more than four decades. The company’s growth to one of the largest commercial labs in the country has been achieved organically, by reinvesting in the company rather than by acquisitions. Just in the last three years, the company invested $8 million in state-of-the-art equipment, initiated new services, and expanded facilities and staff—all in response to client needs. Lancaster Labs’ single-site operating model, characterized by a concentration of resources and consistency of quality and service, has created a remarkably stable organization—one that clients can be sure will be around to serve them in the future.