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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 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.
IDEXX Laboratories, a leader in pet healthcare innovation, will release its 2022 second quarter financial results on August 2, 2022, before market opening. An analyst conference call is scheduled for 8:30 a.m. ET on the same day.
A live webcast will be accessible via the IDEXX website, with an archived version available post-event for one year. This event illustrates IDEXX's ongoing commitment to transparency and investor engagement, following their track record in diagnostic and software solutions that benefit veterinary practices globally.
IDEXX Laboratories (NASDAQ: IDXX) announced new testing services to enhance veterinary care, effective September 2022. Key additions include Fecal Dx antigen testing for flea tapeworm detection, FGF-23 kidney biomarker testing for managing chronic kidney disease in cats, and next-day PCR Direct testing services. These innovations aim to improve diagnostics, enable earlier intervention in critical cases, and support veterinarians in their treatment plans, thereby advancing pet healthcare standards.
IDEXX Laboratories, a leader in veterinary diagnostics, will participate in the Stifel Jaws & Paws Conference on June 1, 2022, at 1:50 pm (EDT). President Jay Mazelsky and CFO Brian McKeon will join a fireside chat. A live audio webcast can be accessed via IDEXX's website. Additionally, IDEXX will host its 2022 Investor Day on August 11, 2022, at its headquarters in Westbrook, Maine, from 8:00 am to 12:00 pm (EDT). More details will follow closer to the event date.
IDEXX Laboratories reported an 8% revenue growth for Q1 2022, driven by CAG Diagnostics recurring revenue growth of 8% reported and 9% organic. Strong demand resulted in a 19% reported and 22% organic growth in CAG Diagnostics capital instrument revenue. However, EPS declined by 3% as reported, while it increased 3% on a comparable basis. The company adjusted its full-year guidance, anticipating 5.5%-8% reported growth, impacted by reduced veterinary clinical visits and foreign exchange rates. Key financial metrics include an updated EPS outlook of $8.11 - $8.35.
IDEXX Laboratories, Inc. (NASDAQ: IDXX) has announced the release of its 2022 first quarter financial results, scheduled for May 4, 2022, before market opening. An analyst conference call will follow at 8:30 a.m. ET, accessible via a live webcast on the IDEXX website. The archived webcast will be available after 1:00 p.m. ET and will remain for one year. IDEXX, a leader in veterinary diagnostics and healthcare innovation, employs over 10,000 people and serves customers in over 175 countries worldwide.
IDEXX Laboratories (NASDAQ: IDXX), a leader in veterinary diagnostics, will participate in two upcoming conferences. On February 24 at 9:55 am EST, executives Tina Hunt and Brian McKeon will engage in a virtual fireside chat at the BofA Securities Animal Health Summit. Following that, on March 7 at 11:00 am EST, CEO Jay Mazelsky will present at the 43rd Annual Raymond James Institutional Investors Conference. Live webcasts and archived editions of the presentations will be accessible on the IDEXX website.
IDEXX Laboratories reported an 11% increase in fourth quarter revenue, totaling $801 million, primarily driven by a 13% growth in CAG Diagnostics recurring revenue. Full-year revenue reached $3,215 million, up 19%, with an EPS of $8.60, a 28% increase. The company anticipates 2022 revenue of $3.5-$3.565 billion and EPS of $9.27-$9.59. Despite strong overall performance, LPD segment revenue declined 20% due to prior year high testing demand. The company remains positive about growth in companion animal healthcare.
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