earnings
confidence high
sentiment positive
materiality 0.80
IDEXX Q4 revenue $902M (+9%); FY24 guides $3.93-4.04B, EPS $10.84-11.33
IDEXX LABORATORIES INC /DE
2023-FY EPS reported
$10.06
revenue$3,660,953,000
- Q4 revenue $902M, up 9% reported and 8% organic; CAG Diagnostics recurring revenue +11% reported and +10% organic.
- Q4 EPS $2.32, up 13% reported and 17% on a comparable basis; full-year EPS $10.06 (+25% reported).
- FY24 revenue guidance $3.93B-$4.04B (+7.5%-10.5% reported); EPS $10.84-$11.33 (+8%-13% comparable).
- Full-year operating margin expanded 330 bps reported; FY24 operating margin target 30.2%-30.7%.
- New IDEXX inVue Dx slide-free cellular analyzer launch targeted for late 2024.