Core Insights - IDEXX Laboratories, Inc. has launched IDEXX Cancer Dx™, a pioneering diagnostic panel for early detection of lymphoma in dogs, particularly targeting the 20 million dogs at higher risk for cancer in North America [1][2][3] - The test is affordable, costing as low as $15, and provides actionable results within 2–3 days, making it accessible for veterinarians [1][4] - Cancer is a leading cause of death in dogs, with 1 in 4 dogs in the U.S. expected to be diagnosed with cancer in their lifetime, highlighting the critical need for early detection [2][3] Company Overview - IDEXX is recognized as a global leader in pet healthcare innovation, with over 40 years of experience in veterinary research and technology development [3][6] - The company employs approximately 11,000 people and offers solutions in more than 175 countries, indicating a strong global presence [7] - IDEXX Cancer Dx is designed to integrate seamlessly into existing veterinary workflows, enhancing the ability of veterinarians to manage cancer proactively [6][4] Market Demand - A recent survey revealed that 73% of pet owners are interested in cancer screening tests for their pets, indicating a strong market demand for proactive healthcare solutions [2][4] - The IDEXX Cancer Dx panel aims to improve the quality of life for canine cancer patients by enabling earlier clinical diagnoses compared to traditional methods [4][5] Future Plans - IDEXX plans to expand the Cancer Dx panel over the next three years to cover a broader range of canine cancer cases, further transforming cancer detection and intervention [1][3] - The IDEXX Cancer Dx test for canine lymphoma will be available at IDEXX Reference Laboratories in the U.S. and Canada starting in late March 2025 [5][9]

IDEXX’s (IDXX) business continues to be dampened by currency impacts and uncertain macroeconomic conditions. The stock carries a Zacks Rank #4 (Sell) currently.Concerning Factors for IDXXIn recent times, U.S. clinical visit growth levels have been constrained by persistent staffing challenges at veterinary clinics and the cumulative impacts of broader macroeconomic challenges on consumers. Meanwhile, challenges in the Asia-Pacific, including the impacts of reduced swine testing in China and lower health scr ...

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BOSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Sustainability Roundtable, Inc. (SR Inc), a leader in strategic advisory and support services, proudly announces the recipients of its 2024 Sustainable Business & Enterprise Roundtable (SBER) Awards. Presented the eve before its Summit for Sustainable Business VIII: Decarbonizing Corporate Global Operations at the St. Regis hotel in Washington, D.C., these recognitions commemorate SBER's 2024 standout sustainability leaders. Award Recipients and Achievements SR Inc ...

One of my favorite ways to add money to my portfolio is to invest in proven compounders with track records of delivering market-beating results after short-term pullbacks. This idea is especially true when the stocks in question are trading at what could prove to be once-in-a-decade opportunities.Two companies that fit this description now are animal healthcare specialists Idexx Laboratories (IDXX 0.02%) and Zoetis (ZTS 0.94%). While Idexx is already one of my daughter's core holdings and Zoetis is one of ...

IDEXX Laboratories, Inc.’s (IDXX) consistent strong performance of the CAG (Companion Animal Group) segment is poised to help it grow in the upcoming quarters. Robust demand for its cloud-based offerings instills optimism, reflecting the company’s focus on improving patient care rather than back-office tasks. Solid performance in the international markets is encouraging. However, unfavorable solvency and the impact of third-party distributors remain our concerns for IDEXX’s operations. In the past year, thi ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Trading at its most reasonable valuation since 2016, this pet healthcare diagnostics leader could be a once-in-a-decade opportunity today.While the debate over whether it's better to pay for high-quality or high-growth businesses will never end, the easiest solution is to find stocks offering both.One company that fits this best-of-both-worlds billing is Idexx Laboratories (IDXX 0.19%), offering leading pet healthcare diagnostics operations. Delivering annualized revenue and free-cash-flow growth of 10% and ...

FOR IMMEDIATE RELEASE Contact: John Ravis, Investor Relations, 1-207-556-8155 IDEXX Laboratories Announces Third Quarter Results ▪ Achieves third quarter revenue growth of 7% as reported and 6% organic, supported by CAG Diagnostics recurring revenue growth of 7% as reported and organic. ▪ Organic revenue growth supported by benefits from IDEXX execution drivers including continued solid new business gains and double-digit year-over-year global premium installed base growth. ▪ Delivers EPS of $2.80, an incre ...

Revenue Growth - Total Company revenue for the three months ended September 30, 2024, was $975,543,000, representing a 6.6% increase compared to $915,527,000 in the same period of 2023[150]. - Organic revenue growth for the same period was 6.1%, driven by growth in CAG Diagnostics recurring revenue and higher realized prices[150]. - CAG segment revenue increased to $891,990,000, a 6.5% growth from $837,160,000 in the prior year, with organic growth at 6.0%[150]. - Water segment revenue in the U.S. grew by 12.9%, reaching $50,162,000, while international revenue increased by 8.5% to $23,491,000[150]. - The U.S. market accounted for $638,058,000 of total revenue, reflecting a 5.8% increase from $603,046,000 in the prior year[150]. - International revenue reached $337,485,000, an 8.0% increase from $312,481,000 in the same period last year[150]. - Total Company revenues increased by 6.7% to $2,943,216,000 for the nine months ended September 30, 2024, compared to $2,759,352,000 in 2023[183]. - Revenues for the CAG segment increased by 6.8% to $2,703,573, compared to $2,531,091 in 2023[192]. Profitability - Gross profit increased to $596,038,000, with a gross profit margin of 61.1%, up from 59.9% in the previous year, reflecting a 120 basis point improvement[152]. - Gross profit for the Total Company increased by 8.7% to $1,808,267,000, with a gross profit margin of 61.4%[183]. - Gross profit for the CAG segment rose by 8.9% to $1,659,768, with a gross profit margin increase of 120 basis points to 61.4%[192]. - Gross profit for the Water segment increased by 9.8% to $97,326, with a gross profit margin of 69.5%[195]. - Gross profit for the Livestock, Poultry and Dairy segment decreased by 3.3% to $45,419, with a gross profit margin of 51.9%[199]. - Gross profit for the Other segment increased by 20.5% to $2,195,000, with a gross profit margin of 49.9%[175]. Operating Expenses - Operating expenses totaled $292,146,000, a 7.1% increase from $272,699,000 in 2023, with research and development expenses rising by 12.5% to $53,978,000[152][153]. - Total operating expenses for the Total Company increased by 16.0% to $941,616,000, primarily due to higher general and administrative expenses[184]. - Total operating expenses for the CAG segment increased by 8.7% to $267,379 thousand, with research and development expenses rising by 14.7% to $49,920 thousand[163]. - Total operating expenses for the LPD segment increased by 2.3% to $13,738,000, with sales and marketing expenses rising by 15.3%[172]. Segment Performance - CAG Diagnostics recurring revenue grew by 6.7% to $783,443,000, driven by higher realized prices and increased volumes[155][156]. - IDEXX VetLab consumables revenue increased by 11.2% to $329,128,000, supported by higher price realization and an expanded menu of tests[155][157]. - Water segment revenues rose by 12.9% to $50,162,000, primarily due to higher realized prices and volumes from Colilert test products[166]. - Revenues for the LPD segment decreased by 2.5% to $28,992,000 for the three months ended September 30, 2024, compared to $29,747,000 in 2023[170]. - Revenues for the Other segment increased by 5.5% to $4,399,000, driven by higher realized prices of OPTI Medical consumables[174]. Cash Flow and Debt - Cash and cash equivalents as of September 30, 2024, totaled $308.6 million, down from $453.9 million at the end of 2023[209][210]. - Net cash provided by operating activities increased by $10.3 million to $667.0 million compared to $656.7 million in the prior year[213]. - Cash used in investing activities rose to $167.2 million, primarily due to the acquisition of a software business[216]. - Cash used in financing activities increased significantly to $645.3 million, driven by $591.0 million in common stock repurchases[218]. - The gross debt amounted to $878,834 thousand, with a gross debt to Adjusted EBITDA ratio of 0.67 as of September 30, 2024[228]. - The net debt was reported at $570,198 thousand, resulting in a net debt to Adjusted EBITDA ratio of 0.43[228]. Tax and Compliance - Effective income tax rate increased to 22.1% for the three months ended September 30, 2024, compared to 20.8% in the prior year[178]. - The effective income tax rate for the nine months ended September 30, 2024, was 21.3%, up from 20.8% in the prior year[207]. - The company remitted a final payment of $21.8 million for the deemed repatriation tax imposed by the U.S. Tax Cut and Jobs Act of 2017 during Q3 2024[229]. Market Conditions - The company anticipates potential impacts from macroeconomic events, including geopolitical instability and inflation, on its future performance[230]. - The company continues to experience high customer retention rates, supporting revenue growth despite macroeconomic challenges[150].