IDEXX Labs (IDXX) Continues to Beat and Raise - Piper Jaffray

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Go back to IDEXX Labs (IDXX) Continues to Beat and Raise - Piper Jaffray

IDEXX Laboratories Announces Fourth Quarter and Full Year 2015 Results

January 29, 2016 7:01 AM EST

WESTBROOK, Maine, Jan. 29, 2016 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX) today reported revenues for the fourth quarter of 2015 of $400 million, an increase of 14%1 compared to the prior year period. Normalized organic revenue growth2 for the quarter was over 11%, supported by strong growth in the Companion Animal Group ("CAG") segment. Revenue for the full year of $1,602 million increased 8% on a reported basis, supported by 11% normalized organic revenue growth.

Earnings per diluted share ("EPS") for the quarter was $0.48. Adjusted EPS growth3 was 2% compared to the prior year period, while absorbing a... More