IDEXX Labs (IDXX) Reports Estimated Impact of U.S. Tax Reform

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Go back to IDEXX Labs (IDXX) Reports Estimated Impact of U.S. Tax Reform

IDEXX Laboratories Announces Estimated Impact of U.S. Tax Reform

January 5, 2018 7:00 AM EST

WESTBROOK, Maine, Jan. 5, 2018 /PRNewswire/ -- IDEXX Laboratories, Inc. ("IDEXX" or the "Company") (NASDAQ: IDXX), a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, expects the recently passed Tax Cuts and Jobs Act (the "Tax Legislation") to benefit the Company by reducing its recurring effective tax rate beginning in 2018 by approximately 750-850 basis points. The Company also estimates that the enactment of the Tax Legislation will result in a one-time reduction of approximately $35 million - $45 million in the Company's earnings for the fourth quarter and year ended December... More