earnings
confidence high
sentiment positive
materiality 0.75
IDEXX Q3 revenue $810M (+12%), EPS $2.03; raises FY2021 guidance to higher end
IDEXX LABORATORIES INC /DE
2021-Q3 EPS reported
$6.71
revenue$2,414,270,000
- Q3 revenue $810M (+12% reported, +10% organic); EPS $2.03 (+20% reported, +12% comparable).
- CAG Diagnostics recurring revenue +13% reported, +11% organic; record Q3 premium instrument placements.
- Updates FY2021 guidance: revenue $3,185-3,200M (17.5-18% growth), EPS $8.30-8.38 (24-25% growth).
- Operating margin 27.9% (+410bps reported, +20bps comparable); benefited from lapping prior year litigation accrual.
- Water revenue +15% reported, +13% organic; LPD revenue declined 21% due to China ASF testing comparison.