earnings
confidence high
sentiment neutral
materiality 0.75
IDEXX Q4 revenue +7% organic; EPS $2.05; FY23 guidance rev $3.59B-$3.69B, EPS $9.27-$9.75
IDEXX LABORATORIES INC /DE
2022-FY EPS reported
$8.03
revenue$3,367,324,000
- Q4 revenue $829M (+3% reported, +7% organic); EPS $2.05 (+8% reported, +14% comparable).
- FY2022 revenue $3,367M (+5% reported, +7% organic); EPS $8.03 (-7% reported, -1% comparable, including discrete R&D headwind).
- CAG Diagnostics recurring revenue grew 4% reported, 8% organic in Q4; global premium instrument installed base up 13% YoY.
- FY2023 guidance: revenue $3.59B-$3.69B (6.5%-9.5% reported growth); EPS $9.27-$9.75 (16%-21% reported growth).
- Q4 operating margin 27.3% (+240bps reported); 2023 operating margin target 29.0%-29.6%.