OverviewSuggest Edit

IDEXX Laboratories, Inc., together with its subsidiaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets worldwide. It operates through Companion Animal Group; Water Quality Products; Livestock, Poultry and Dairy; and Other segments. The Company provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assays; veterinary reference laboratory diagnostic and consulting services; practice management systems and services, and digital imaging systems for veterinarians; and biological materials testing and laboratory animal diagnostic instruments and services for biomedical research community.
It also offers diagnostic, health-monitoring, and food safety testing products for livestock, poultry, and dairy; products that test water for certain microbiological contaminants; and point-of-care electrolytes and blood gas analyzers that are used in the human point-of-care medical diagnostics market. The Company markets its products through marketing, customer service, sales, and technical service groups, as well as through independent distributors and other resellers.

TypePublic
Founded1983
HQWestbrook, US
Websiteidexx.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Feb 2019)8,000(+6%)
Job Openings371
Revenue (FY, 2018)$2.2 B(+13%)
Share Price (Mar 2019)$216.2 (+3%)

Key People/Management at IDEXX Laboratories

Jonathan W. Ayers

Jonathan W. Ayers

Chairman, President and Chief Executive Officer, Chairman, President and Chief Executive Officer IDEXX Laboratories, Inc
Jay Mazelsky

Jay Mazelsky

EVP
Jacqueline L. Studer

Jacqueline L. Studer

Corporate Vice President, General Counsel and Secretary
Jeff Dixon

Jeff Dixon

Corporate Vice President and Chief Software Engineering Officer
Michael Erickson

Michael Erickson

Corporate Vice President and General Manager of Veterinary Software and Services
George J. Fennell

George J. Fennell

Corporate Vice President
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IDEXX Laboratories Office Locations

IDEXX Laboratories has offices in Westbrook, Clackamas, Eau Claire, Memphis and in 17 other locations
Westbrook, US (HQ)
1 Idexx Dr
Clackamas, US
9200 SE Sunnybrook Blvd #460
Eau Claire, US
2536 Alpine Rd
Memphis, US
6100 E Shelby Dr
Roswell, US
200 Hembree Park Dr Suite J
Burlington, CA
4150 Mainway
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IDEXX Laboratories Financials and Metrics

IDEXX Laboratories Revenue

IDEXX Laboratories's revenue was reported to be $2.21 b in FY, 2018
USD

Revenue (FY, 2018)

2.2b

Gross profit (FY, 2018)

1.2b

Gross profit margin (FY, 2018), %

56.1%

Net income (FY, 2018)

377.0m

EBIT (FY, 2018)

491.3m

Market capitalization (15-Mar-2019)

18.6b

Closing stock price (15-Mar-2019)

216.2

Cash (31-Dec-2018)

123.8m

EV

19.1b
IDEXX Laboratories's current market capitalization is $18.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.4b1.5b1.6b1.8b2.0b2.2b

Revenue growth, %

8%8%11%

Cost of goods sold

711.6m800.0m871.7m971.7m

Gross profit

890.3m975.4m1.1b1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

338.3m360.2m390.1m383.5m382.5m413.3m406.4m417.6m466.6m448.3m462.0m508.9m492.0m537.7m580.8m545.4m

Cost of goods sold

152.5m158.1m171.6m170.2m166.9m180.6m182.1m190.0m206.0m201.6m203.8m216.2m218.0m234.6m248.3m

Gross profit

185.8m202.1m218.5m213.3m215.5m232.8m224.3m227.5m260.5m246.7m258.2m292.7m274.0m303.1m332.4m

Gross profit Margin, %

55%56%56%56%56%56%55%54%56%55%56%58%56%56%57%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

279.1m322.5m129.0m154.9m187.7m123.8m

Accounts Receivable

Inventories

133.4m160.3m188.8m158.0m164.3m173.3m

Current Assets

652.7m759.4m821.6m845.6m972.0m654.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

187.8m182.0m192.1m222.1m263.3m377.0m

Depreciation and Amortization

54.6m58.9m69.0m78.2m83.1m83.2m

Inventories

(1.3m)(38.0m)(35.0m)7.6m(19.1m)(25.6m)

Accounts Payable

(4.4m)6.7m(2.5m)2.1m1.4m(166.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

45.7m46.6m103.8m156.0m46.6m103.5m147.7m46.0m113.2m169.7m69.1m154.5m225.0m89.5m198.2m291.4m

Depreciation and Amortization

13.4m28.1m43.6m32.9m51.2m18.5m38.2m58.0m20.3m40.9m61.6m20.8m41.7m62.6m

Inventories

2.2m(5.6m)(12.6m)173.4m(16.0m)(27.2m)1.8m214.0k(2.5m)(5.4m)(18.8m)(23.0m)(8.1m)(16.8m)(27.4m)

Accounts Payable

1.9m337.0k6.9m44.2m(3.0m)(2.8m)(1.8m)99.0k(2.5m)(3.7m)1.4m(3.5m)(1.9m)3.0k(1.3m)
USDY, 2018

EV/EBIT

38.8 x

EV/CFO

47.7 x

Revenue/Employee

291.2k

Financial Leverage

-166.5 x
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IDEXX Laboratories Online and Social Media Presence

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IDEXX Laboratories News and Updates

$4 Bn Veterinary Diagnostics Market by Product, Technology, Animal, End User - Global Forecast to 2023 with IDEXX Laboratories and Abaxis Dominating

DUBLIN, Feb. 14, 2019 /PRNewswire/ -- The "Veterinary Diagnostics Market by Product, Technology, Animal, End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The veterinary diagnostics market is projected to reach USD 4.00 billion by 2023 from...

IDEXX Laboratories to Present at Two Upcoming Institutional Investor Conferences

WESTBROOK, Maine, Feb. 11, 2019 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, will participate in two upcoming conferences: Monday, February 25, 10:55 am EST – Brian McKeon,...

IDEXX Laboratories Announces Fourth Quarter and Full Year 2018 Results

WESTBROOK, Maine, Feb. 1, 2019 /PRNewswire/ -- Achieves revenue growth in Q4 of 9% on a reported basis and 10% on an organic basis, driven by CAG Diagnostics recurring revenue growth of 12% reported and 13% organic Reports 15% year-over-year increase in Catalyst placements at new or...

Global Veterinary Software Market 2019-2025: Synopsis and Highlights, SWOT Analysis, Major Companies Like Henry Schein, IDEXX Laboratories, Patterson Companies, Vetter Software, Animal Intelligence Software

Summary:Veterinary Software to accomplish patient information, treatment planning, and scheduling, as well as back office functions such as accounting. Veterinary Software assistances veterinary practices by automating several tasks using modules such as appointment scheduling, client screens, patie…

IDEXX Laboratories to Release 2018 Fourth Quarter and Full-Year Financial Results

WESTBROOK, Maine, Jan. 9, 2019 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in veterinary diagnostics, veterinary practice software and water microbiology testing, has scheduled the release of its 2018 fourth quarter and full-year financial results for Friday,...

Dental Sutures Global Market 2018-2027: Swift Silliker, SGS SA, Romer Labs, Intertek Group, Idexx Laboratories

Wiseguyreports.Com Publish New Market Research Report On -“Dental Sutures Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2027” Posted via Industry Today. Follow us on Twitter @IndustryToday
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IDEXX Laboratories Blogs

Preventive care screening tests: why now?

Preventive care has always been important to veterinary professionals, but lab work has not been a regular part of the preventive care toolkit.   

IDEXX Laboratories Frequently Asked Questions

  • When was IDEXX Laboratories founded?

    IDEXX Laboratories was founded in 1983.

  • Who are IDEXX Laboratories key executives?

    IDEXX Laboratories's key executives are Jonathan W. Ayers, Jay Mazelsky and Jacqueline L. Studer.

  • How many employees does IDEXX Laboratories have?

    IDEXX Laboratories has 8,000 employees.

  • What is IDEXX Laboratories revenue?

    Latest IDEXX Laboratories annual revenue is $2.2 b.

  • What is IDEXX Laboratories revenue per employee?

    Latest IDEXX Laboratories revenue per employee is $276.7 k.

  • Who are IDEXX Laboratories competitors?

    Competitors of IDEXX Laboratories include Dentsply Sirona, Coloplast and Heska.

  • Where is IDEXX Laboratories headquarters?

    IDEXX Laboratories headquarters is located at 1 Idexx Dr, Westbrook.

  • Where are IDEXX Laboratories offices?

    IDEXX Laboratories has offices in Westbrook, Clackamas, Eau Claire, Memphis and in 17 other locations.

  • How many offices does IDEXX Laboratories have?

    IDEXX Laboratories has 21 offices.