Summary
IDEXX Laboratories: A Business With Strong Fundamentals
I rate IDEXX Laboratories a buy, driven by a lasting surge in pet ownership and IDXX's leadership in veterinary diagnostics. New platforms like inVue Dx and Cancer Dx provide additional growth drivers, with strong early adoption and potential for margin expansion. IDXX's recurring revenue model, robust retention, and expanding high-margin consumables base support sustained revenue and earnings growth.
Idexx (IDXX) is an Incredible Growth Stock: 3 Reasons Why
Idexx (IDXX) could produce exceptional returns because of its solid growth attributes.
Will Idexx (IDXX) Beat Estimates Again in Its Next Earnings Report?
Idexx (IDXX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
IDEXX Laboratories, Inc. Profile
| Medical - Diagnostics & Research Industry | Healthcare Sector | Jonathan J. Mazelsky CEO | XETRA Exchange | US45168D1046 ISIN |
| US Country | 11,000 Employees | - Last Dividend | 16 Jun 2015 Last Split | 21 Jun 1991 IPO Date |
Overview
IDEXX Laboratories, Inc., established in 1983 with its headquarters in Westbrook, Maine, is a global leader in the development, manufacturing, and distribution of a broad range of products for various markets including companion animal veterinary, livestock and poultry, dairy, and water testing. With its operations stretching from Africa, the Asia Pacific, Canada, Europe, to Latin America and beyond, IDEXX focuses on enhancing the health and well-being of pets, people, and livestock around the world. The company operates through three distinct segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry, and Dairy. IDEXX's commitment to innovation and quality is evident in its comprehensive product offerings and services, which cater to the diagnostic and health-monitoring needs of these fields.
Products and Services
- Companion Animal Products:
Includes a wide range of veterinary diagnostic products such as instruments, consumables, rapid assay test kits, veterinary reference laboratory diagnostic and consulting services, practice management and diagnostic imaging systems. These offerings support veterinarians in delivering high-quality care to companion animals.
- Livestock, Poultry, and Dairy Products:
Provides diagnostic and health-monitoring products for the livestock, poultry, and dairy sectors. These products are designed to enhance productivity and health in these industries, ensuring the well-being of animals and the safety of food products.
- Water Quality Products:
Offers solutions for the detection of various microbiological contaminants in water. Products like Colilert, Colilert-18, and Colisure tests are developed for quick and accurate detection of total coliforms and E. coli, among other water quality testing solutions.
- Veterinary Software and Services:
Provides an array of veterinary software and services that support independent veterinary clinics and corporate groups in managing their operations more efficiently, thereby enhancing patient care and business outcomes.
- Biomedical Research Products and Services:
Offers health monitoring, biological materials testing, and laboratory diagnostic instruments and services catering to the biomedical research community. These products support research and development activities in life sciences.
- Human Medical Products:
Although primarily focused on animal health, IDEXX also extends its expertise to human medical point-of-care products and laboratory diagnostics services, thereby contributing to the broader field of healthcare.
Contact Information
