earnings
confidence high
sentiment positive
materiality 0.85
IDEXX Q2 revenue $826M (+30% reported, +25% organic); raises FY 2021 guidance
IDEXX LABORATORIES INC /DE
2021-Q2 EPS reported
$4.69
revenue$1,603,849,000
- EPS of $2.34, up 36% as reported and 33% comparable basis.
- CAG Diagnostics recurring revenue grew 30% reported, 26% organic.
- 2021 revenue guidance raised to $3,170M-$3,205M (17%-18.5% reported growth).
- 2021 EPS outlook raised to $8.20-$8.36; operating margin forecast 28.6%-29.1%.
- U.S. same-store clinical visit growth 13% in Q2; premium instrument placements doubled YoY.