IDEXX Labs (IDXX) Tops Q1 EPS by 12c

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Go back to IDEXX Labs (IDXX) Tops Q1 EPS by 12c

IDEXX Laboratories Announces First Quarter Results

May 2, 2023 6:30 AM EDT

Achieves first quarter revenue growth of 8% reported and 10% organic, driven by CAG Diagnostics recurring revenue growth of 9% reported and 12% organic Strong organic revenue growth supported by IDEXX execution drivers, including record first quarter global premium instrument placements Delivers EPS of $2.55, supported by operating margin expansion of 150 basis points as reported and 210 basis points on a comparable basis Incorporates positive adjustments to full year revenue and EPS guidance ranges, raising low end and maintaining consistent targeted strong performance at high... More