IDEXX Labs (IDXX) Tops Q4 EPS by 18c

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Go back to IDEXX Labs (IDXX) Tops Q4 EPS by 18c

IDEXX Laboratories Announces Fourth Quarter and Full Year 2021 Results

February 2, 2022 6:30 AM EST

WESTBROOK, Maine, Feb. 2, 2022 /PRNewswire/ --

Achieves 11% fourth quarter revenue growth as reported and 10.5% organic, driven by 13% CAG Diagnostics recurring revenue growth (reported and organic) Strong growth supported by record instrument placements, resulting in 14% year-over-year expansion of IDEXX's global premium instrument installed base Delivers full year EPS of $8.60, an increase of 28% on a reported basis and 29% on a comparable basis, supported by operating margin expansion of 330 basis points as reported and 220 basis points on a comparable basis Provides initial outlook for 2022 revenue of $3,500 million - $3,565 million, reflecting reported growth of 9%... More