IDEXX Labs (IDXX) Tops Q1 EPS by 64c, Updates Guidance

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Go back to IDEXX Labs (IDXX) Tops Q1 EPS by 64c, Updates Guidance

IDEXX Laboratories Announces First Quarter Results

May 4, 2021 6:30 AM EDT

WESTBROOK, Maine, May 4, 2021 /PRNewswire/ --

Achieves reported revenue growth of 24% and organic growth of 21%, driven by CAG Diagnostics recurring revenue growth of 27% as reported and 23% organic Delivers EPS of $2.35, representing 82% growth as reported and 73% on a comparable basis Increases 2021 revenue guidance to $3,105 million - $3,160 million, reflecting higher expectations for reported growth of 14.5% - 16.5% and organic growth of 13% - 15%, supported by projected CAG Diagnostics recurring revenue growth of 16% - 17.5% as reported and 14.5% - 16% organic Raises 2021 EPS outlook to $7.88 - $8.18, reflecting expectations for 1.5% higher organic revenue growth and... More