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IDEXX LABORATORIES INC /DE (IDXX)

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Earnings summaries and quarterly performance for IDEXX LABORATORIES INC /DE.

Research analysts who have asked questions during IDEXX LABORATORIES INC /DE earnings calls.

EW

Erin Wright

Morgan Stanley

7 questions for IDXX

Also covers: ALGN, BTSG, CAH +18 more
BV

Brandon Vazquez

William Blair & Company, L.L.C.

6 questions for IDXX

Also covers: ALGN, CBLL, CVRX +17 more
Daniel Clark

Daniel Clark

Leerink Partners

6 questions for IDXX

Also covers: CERT, ELAN, IQV +3 more
CS

Christopher Schott

JPMorgan Chase & Co.

5 questions for IDXX

Also covers: ABBV, AMGN, AMRX +15 more
Jonathan Block

Jonathan Block

Stifel Financial Corp.

5 questions for IDXX

Also covers: ALGN, COO, CUTR +11 more
Michael Ryskin

Michael Ryskin

Bank of America Merrill Lynch

4 questions for IDXX

Also covers: A, ALGN, AVTR +28 more
David Westenberg

David Westenberg

Piper Sandler

3 questions for IDXX

Also covers: ADPT, AKYA, BLLN +13 more
JB

John Block

Stifel

3 questions for IDXX

Also covers: HSIC, PODD
NT

Navann Ty

BNP Paribas S.A.

3 questions for IDXX

Also covers: COO, ELAN, EOLS +4 more
AA

Andrea Alfonso

UBS

2 questions for IDXX

Also covers: ELAN, ZTS
CS

Chris Schott

JPMorgan Chase & Company

2 questions for IDXX

Also covers: JNJ, TEVA
Daniel Christopher Clark

Daniel Christopher Clark

Leerink Partners

2 questions for IDXX

Also covers: DOCS, GDRX, ZTS
KD

Keith Davos

Jefferies

2 questions for IDXX

Also covers: PRGO
MR

Michael Riskin

Bank of America

2 questions for IDXX

Also covers: LH, ZTS
MR

Mike Ryskin

Bank of America

2 questions for IDXX

NT

Navann Ty Dietschi

BNP Paribas

2 questions for IDXX

Also covers: COO, ELAN, EOLS +6 more
RD

Ryan Daniels

William Blair & Company, L.L.C.

2 questions for IDXX

Also covers: ACCD, AGL, ALHC +12 more
JB

Jon Block

Stifel, Nicolaus & Company, Incorporated

1 question for IDXX

Also covers: COO, DXCM, ELAN +3 more
KM

Katarina Markovic

JPMorgan Chase & Co.

1 question for IDXX

Recent press releases and 8-K filings for IDXX.

IDEXX reports Q4 and full-year 2025 results
IDXX
Earnings
Guidance Update
Share Buyback
  • Q4 revenue rose 14% reported and 12% organically, driven by double-digit top-line gains and a 10% organic increase in CAG Diagnostics’ recurring revenues.
  • Q4 EPS was $3.08, up 17% on a comparable basis, while full-year EPS reached $13.08, up 14% on a comparable basis; full-year operating margin expanded to 31.6%, up 90 bps.
  • Instrument placements hit record levels, with over 1,900 inVue Dx in Q4 and nearly 6,400 placements for the full year, supporting a 12% expansion in the global premium instrument install base.
  • 2026 guidance calls for $4.632–4.72 billion in revenue (up 7.6–9.6% reported, 7–9% organic) and EPS of $14.29–14.80, with CAG Diagnostics recurring revenue expected to grow 8–10% organically.
  • Capital return included $1.2 billion to repurchase 2.4 million shares at an average of $506, reducing diluted shares by 2.7% in 2025.
1 day ago
IDEXX reports Q4 2025 earnings results
IDXX
Earnings
Guidance Update
  • Revenue up 14% y/y (12% organic), driven by 10% organic growth in CAG Diagnostics recurring revenues; record premium instrument placements in Q4 with over 1,900 inVue Dx, supporting 69% organic growth in CAG Diagnostics instrument revenues; Q4 EPS $3.08, +17% on a comparable basis.
  • Full-year 2025: 10% organic revenue growth (8% in CAG Diagnostics recurring), global premium instrument install base +12%, operating margin 31.6% (+90 bps), EPS $13.08 (+14%), free cash flow $1.1 billion, and $1.2 billion share repurchases (2.4 million shares).
  • Q4 premium instrument placements totaled 6,567 (+42% y/y); full-year placements ~22,500, including ~6,400 inVue Dx; inVue Dx contributed $75 million in 2025 instrument revenue, adding ~200 bps to company growth.
  • 2026 guidance: revenue of $4.632–4.72 billion (+7.6–9.6% reported, 7–9% organic), CAG Diagnostics recurring revenues +8–10% organic, operating margin 32.0–32.5%, and targeted placement of 5,500 inVue Dx instruments.
1 day ago
IDEXX reports Q4 2025 results and 2026 outlook
IDXX
Earnings
Guidance Update
Share Buyback
  • Q4 revenue increased 14% reported and 12% organically; full-year organic revenue grew 10%. Q4 EPS was $3.08, up 17% on a comparable basis; FY EPS was $13.08, up 14% comparably.
  • Full-year operating margin reached 31.6% (+90 bps on a comparable basis); Q4 gross margin was 60.3% (up 60 bps comparably) and Q4 operating profit rose 21% reported, 17% comparably.
  • Free cash flow totaled $1.1 billion (100% of net income); the company repurchased $1.2 billion of shares, reducing diluted shares by 2.7% year-over-year.
  • 2026 guidance: revenue of $4.632–4.72 billion (up 7.6–9.6% reported, 7–9% organic); EPS of $14.29–14.80 (10–14% comparable); operating margin of 32.0–32.5%. Q1 ’26 revenue growth is guided at 11.5–13.5% reported and 9–11% organic.
1 day ago
IDEXX Laboratories reports Q4 revenue beat, raises 2026 guidance
IDXX
Earnings
Guidance Update
Product Launch
  • IDEXX Laboratories reported Q4 revenue of $1.09 billion, up 14% y/y, and delivered EPS that beat or matched forecasts.
  • Operating margin expanded 150 bps to 28.9%, while recurring CAG Diagnostics revenue grew 12% to $849.7 million and CAG segment revenue rose 15% to $998.5 million.
  • The company achieved record instrument placements—over 1,900 IDEXX inVue Dx systems—expanding the premium installed base 12%, and launched IDEXX Cancer Dx for canine lymphoma.
  • For 2026, IDEXX guided to $4.63–4.72 billion in revenue and $14.29–14.80 in EPS, with expected high-single-digit organic growth and midpoints above analyst averages.
1 day ago
IDEXX reports Q4 2025 results
IDXX
Earnings
Guidance Update
  • IDEXX delivered Q4 revenue of $1,091 million, up 14% reported and 12% organic, driven by CAG Diagnostics recurring revenue growth of 12% reported and 10% organic.
  • Q4 EPS of $3.08, a reported increase of 18% and 17% comparable, with operating margin expanding 150 bps reported (120 bps comparable) year-over-year.
  • Full-year 2025 revenue of $4,304 million, up 10% as reported and organic; EPS of $13.08, up 23% reported and 14% comparable.
  • 2026 guidance: revenue of $4,632 M–$4,720 M (growth of 7.6–9.6% reported; 7.0–9.0% organic) and EPS of $14.29–$14.80 (+9–13% reported; +10–14% comparable).
1 day ago
IDEXX Laboratories reports Q4 and full-year 2025 results
IDXX
Earnings
Guidance Update
  • Fourth-quarter revenue of $1,091 million, up 14% reported and 12% organic, driven by Companion Animal Group diagnostics and Water segment growth.
  • Fourth-quarter EPS of $3.08, an 18% increase reported (17% on a comparable basis), supported by a 150 bps expansion in operating margin.
  • Full year 2025 revenue of $4,304 million, up 10% reported and organic; full year EPS of $13.08, up 23% reported and 14% on a comparable basis, reflecting margin expansion.
  • Provided 2026 guidance of $4,632–$4,720 million in revenue (7.6–9.6% reported; 7.0–9.0% organic) and EPS of $14.29–$14.80 (9–13% reported; 10–14% comparable).
1 day ago
IDEXX announces CEO succession
IDXX
CEO Change
Board Change
  • Michael (Mike) Erickson, PhD, will become President and Chief Executive Officer effective May 12, 2026, succeeding Jay Mazelsky in the role.
  • Jay Mazelsky will transition to Executive Chair of the Board on May 12, 2026, and will retire following the annual shareholders’ meeting in May 2027, collaborating with Dr. Erickson to ensure a smooth handover.
  • Dr. Erickson, who joined IDEXX in 2011 and currently serves as Executive VP and GM of Global Point of Care Diagnostics and Telemedicine, will also join the Board upon his appointment.
  • Lawrence D. Kingsley, the Board’s Independent Non-Executive Chair, will serve as Lead Director during the transition period.
Jan 13, 2026, 1:33 PM
IDEXX Laboratories amends credit agreement, adds term loan and extends maturities
IDXX
Debt Issuance
  • On November 12, 2025, IDEXX Laboratories and certain wholly-owned subsidiaries entered into Amendment No. 2 to their Fourth Amended and Restated Credit Agreement, modifying the existing five-year unsecured revolving credit facility and adding a three-year unsecured term loan.
  • The amendment extends the revolving credit facility’s maturity to five years from closing and establishes a new $250 million term loan maturing three years from the amendment date.
  • It adds IDEXX Holdings II GmbH as an additional borrower under the credit agreement.
  • Post-amendment, the Company retains a $1.0 billion revolving credit line, a $250 million term loan, and the ability to incur up to $250 million in incremental revolving commitments or term loans.
Nov 13, 2025, 9:07 PM
IDEXX reports Q3 2025 results
IDXX
Earnings
Guidance Update
Product Launch
  • IDEXX delivered 13% reported and 12% organic revenue growth in Q3 2025, with earnings per share of $3.40, up 15% on a comparable basis.
  • The company raised its full-year 2025 outlook to $4.27–4.30 billion in revenue (9.6%–10.3% reported growth) and EPS of $12.81–$13.01 (12%–14% comparable growth).
  • MUDX analyzer placements surged, with 1,753 units installed in Q3, driving 71% organic instrument revenue growth; IDEXX now expects ~6,000 placements in 2025.
  • Generated $371 million of free cash flow in Q3; repurchased $242 million of shares in the quarter ($985 million YTD) and maintained 0.7× gross leverage.
Nov 3, 2025, 1:30 PM
IDEXX reports Q3 2025 results and updates guidance
IDXX
Earnings
Guidance Update
Share Buyback
  • Q3 revenue increased 13% reported and 12% organically, driving EPS of $3.40 (+15% comparable) and gross margin of 61.8% (+80 bps).
  • Raised full-year 2025 guidance to $4,270 m–$4,300 m in revenue (9.6–10.3% growth) and EPS to $12.81–$13.01, up $0.33 at midpoint.
  • Placed 1,753 MUDX analyzers in Q3 (total premium placements 5,665, +37% YoY) and now expect ~6,000 MUDX placements with over $65 m in instrument revenue for 2025.
  • Generated $371 m free cash flow in Q3 (94% net income conversion) and repurchased $242 m of shares in the quarter (YTD $985 m), with leverage at 0.7× gross and 0.5× net.
Nov 3, 2025, 1:30 PM