earnings
confidence high
sentiment negative
materiality 0.75
IDEXX Q2 revenue $861M +4% reported; EPS $1.56 -33%; cuts FY2022 guidance
IDEXX LABORATORIES INC /DE
2022-Q2 EPS reported
$3.82
revenue$1,697,095,000
- Revenue $861M, up 4% reported and 6.5% organic; CAG Diagnostics recurring revenue +4% reported, +7% organic.
- EPS $1.56, down 33% as reported, including $0.72 impact from $80M discrete R&D investments.
- Record Q2 premium instrument placements up 18% YoY; global installed base +15%.
- Updated FY2022 revenue guidance $3,305-$3,385M (3%-5.5% reported, 5.5%-8% organic); EPS $7.77-$8.05.
- U.S. same-store clinical visits declined 3% in Q2 vs +13% prior year; diagnostics revenue +6% same-store.