earnings
confidence high
sentiment positive
materiality 0.70
IDEXX Q3 revenue $842M (+8% organic); EPS $2.15 (+13% comparable); updates FY2022 guidance
IDEXX LABORATORIES INC /DE
2022-Q3 EPS reported
$5.97
revenue$2,538,756,000
- Q3 revenue $842M, +4% reported, +8% organic; CAG Diagnostics recurring revenue +5% reported, +9% organic.
- EPS $2.15, +6% reported, +13% comparable; operating margin 29.1%, +100 bps comparable.
- Record global premium instrument placements, +10% YoY; installed base +14%.
- FY2022 guidance: revenue growth 3.5-4.5% reported, 6.5-7.5% organic; EPS $7.74-$7.98.
- Foreign currency headwinds: ~4% revenue impact, ~$0.25 EPS impact for FY2022.