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IDEXX Laboratories, Inc. (NASDAQ: IDXX) is a global leader in pet healthcare innovation, providing a broad range of diagnostic and information technology-based products and services to practicing veterinarians across the globe. Headquartered in Southern Maine, the company operates through more than 70 locations worldwide, serving customers in over 175 countries and employing more than 11,000 people.
IDEXX’s primary business focuses on pet health, offering products such as in-clinic diagnostic tests, instrumentation, reference laboratory and telemedicine consultation services, and practice management software. These products enhance veterinarians' ability to provide advanced medical care, improve staff efficiency, and build more economically successful practices. The company is also involved in developing diagnostic tests for the global production animal industry, including poultry and livestock, and tests for the quality and safety of water.
An important recent achievement for IDEXX is the launch of the SNAP® Leish 4Dx® Test, designed to diagnose vector-borne diseases like canine leishmaniosis in regions where these diseases are endemic. This new test will be available in Europe and Asia starting February 2024. Another significant accomplishment is the expansion of the Fecal Dx® antigen testing platform, which includes the addition of Cystoisospora, a common intestinal parasite. This expansion will roll out in North America in March 2024 and globally by the third quarter of 2024.
IDEXX also launched Vello, a software solution aimed at improving communication between veterinary practices and pet owners. This tool supports better health outcomes by engaging pet owners through digital means and is integrated with IDEXX's existing practice management software like ezyVet®, Neo®, and Cornerstone®.
Financially, IDEXX is robust, with a diverse revenue stream sourced from various products and services, including diagnostic equipment, tests, and software solutions. Approximately 35% of its revenue comes from international markets. The company is a member of the S&P 500® Index, highlighting its significant role in the industry.
For more information about IDEXX’s products and services, visit idexx.com.
IDEXX Laboratories (NASDAQ: IDXX) has announced the release date for its first quarter 2023 financial results, set for May 2, 2023, before the market opens. The company will hold an analyst conference call at 8:30 a.m. ET on the same day. Interested parties can access the live webcast and related financial documents via the IDEXX investors' website. An archived version of the call will be available after 1:00 p.m. ET for a year. IDEXX, a leader in pet healthcare innovation, serves customers in over 175 countries and employs nearly 11,000 people. The company focuses on improving veterinary diagnostics and ensuring the safety of food and water.
IDEXX Laboratories (NASDAQ: IDXX), a leader in pet healthcare innovation, will participate in two key conferences in early March 2023. On March 2 at 10:00 am EST, CFO Brian McKeon and SVP Michael Schreck will engage in a virtual fireside chat at the BofA Securities Animal Health Summit. Following this, on March 6 at 10:25 am EST, CEO Jay Mazelsky will present at the 44th Annual Raymond James Institutional Investors Conference. Both events will offer live audio webcasts accessible via the IDEXX website. An archived edition will also be available.
IDEXX Laboratories, Inc. (NASDAQ: IDXX) has released an empirical study highlighting ways to address capacity constraints in veterinary practices. The study, titled Finding the Time: Empowering Veterinary Teams to Get the Most Out of Every Day, introduces the Practice Productivity Index™, which identifies opportunities for practices to gain up to 2,000 hours per year. Key findings reveal that 82% of practices are struggling to hire staff, and 85% face technology integration issues. The study emphasizes that optimizing workflow, technology, and culture can significantly enhance productivity, ultimately supporting veterinary staff well-being.
IDEXX Laboratories reported a 3% revenue increase in Q4 2022, reaching $829 million, with 7% organic growth. The Companion Animal Group (CAG) saw a 4% reported and 8% organic revenue growth, driven by strong demand for diagnostic services. EPS rose 8% to $2.05. For 2023, IDEXX forecasts revenue between $3,590 million and $3,690 million, indicating 6.5%-9.5% growth. Expected EPS is $9.27 to $9.75, representing an increase of 16%-21%. Key growth factors include an expanded global premium instrument installed base and solid execution strategies.
IDEXX Laboratories, Inc. (NASDAQ: IDXX) announces the release date for its 2022 fourth quarter and full-year financial results, set for February 6, 2023, before market open. A conference call for analysts will occur at 8:30 a.m. ET on the same day. Investors can access a live webcast of the call and review materials via the IDEXX investor relations page. An archived version will be available after 1:00 p.m. ET on that day. IDEXX is a leader in pet healthcare with over 10,000 employees, delivering diagnostic products and services worldwide.
IDEXX Laboratories (NASDAQ: IDXX) will participate in the Goldman Sachs Healthcare CEOs Unscripted Conference on January 5, 2023, at 1:15 pm ET. Jay Mazelsky, President and CEO, will engage in a fireside chat during the event. The live audio webcast can be accessed through the IDEXX website, with an archived edition available post-event. IDEXX is a leader in pet healthcare innovation, aiming to enhance veterinary medicine and ensure safety in milk and water globally.
IDEXX Laboratories reported third quarter 2022 revenue of $842 million, marking a 4% increase as reported and 8% organically. Growth was supported by a 5% rise in CAG Diagnostics recurring revenue and record premium instrument placements, which rose 10%. Earnings per share (EPS) reached $2.15, reflecting a 6% reported increase. The company adjusted its 2022 revenue guidance to 3.5%-4.5% growth. EPS guidance was updated to $7.74-$7.98, incorporating foreign currency impacts. Strong demand in companion animal healthcare and innovative solutions contributed to these results.
IDEXX Laboratories, a leader in pet healthcare innovation, will release its 2022 third-quarter results on November 1, 2022, before the market opens. An analyst conference call is scheduled for 8:30 a.m. ET on the same day. The call can be accessed via a live webcast on the IDEXX website, with an archived version available after 1:00 p.m. ET for one year. IDEXX is a member of the S&P 500® Index, employs over 10,000 people, and serves customers in over 175 countries.
IDEXX Laboratories reported second quarter revenues of $861 million, reflecting a 4% increase overall and 6.5% organic growth, driven by strong demand in the CAG Diagnostics segment, which grew 4% reported and 7% organically. The company achieved record placements of premium instruments, boosting the global installed base by 15%. Despite these gains, EPS fell 33% to $1.56 due to $80 million in R&D investments. IDEXX revised its full-year revenue guidance to 3% - 5.5% growth, reflecting macroeconomic risks.
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