earnings
confidence high
sentiment positive
materiality 0.75
IDEXX Q2 revenue $944M (+10% organic); EPS $2.67 (+71%); raises 2023 guidance
IDEXX LABORATORIES INC /DE
2023-Q2 EPS reported
$5.22
revenue$1,843,825,000
- Q2 revenue $944M, +10% reported and organic; CAG Diagnostics recurring revenue +11% reported, +12% organic.
- EPS $2.67, +71% reported (+77% comparable); includes $0.04 tax benefit and $0.07 negative FX impact.
- Record quarterly premium instrument placements; global installed base grew 11% annually.
- Updated 2023 revenue guidance to $3,660M-$3,715M (8.5%-10% growth), EPS guidance to $9.64-$9.90 (20%-23% reported growth).