IDEXX Laboratories Announces First Quarter Results

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Go back to IDEXX Laboratories Announces First Quarter Results

IDEXX Labs (IDXX) Tops Q1 EPS by 9c, Revenues Beat

April 30, 2020 6:41 AM EDT

IDEXX Labs (NASDAQ: IDXX) reported Q1 EPS of $1.29, $0.09 better than the analyst estimate of $1.20. Revenue for the quarter came in at $626.34 million versus the consensus estimate of $617.41 million.

Reports revenue growth of 9% on a reported and organic basis driven by Companion Animal Group (\"CAG\") Diagnostics recurring revenue growth of 10% reported and organicDelivers EPS of $1.29, representing 10% growth on a reported basis and 13% on a comparable constant currency basisEnhances its liquidity and financial flexibility by increasing its credit facility to $1 billion with extended maturity to 2023 and issuing $200 million in... More