IDEXX Laboratories, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 06, 2024 at 06:30 am EDT
Share
IDEXX Laboratories, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 1,003.58 million compared to USD 943.63 million a year ago. Net income was USD 203.3 million compared to USD 224.24 million a year ago. Net income was USD 203.3 million compared to USD 224.24 million a year ago. Basic earnings per share from continuing operations was USD 2.46 compared to USD 2.7 a year ago. Basic earnings per share from continuing operations was USD 2.46 compared to USD 2.7 a year ago. Diluted earnings per share from continuing operations was USD 2.44 compared to USD 2.67 a year ago. Diluted earnings per share from continuing operations was USD 2.44 compared to USD 2.67 a year ago.
For the six months, revenue was USD 1,967.67 million compared to USD 1,843.83 million a year ago. Net income was USD 438.88 million compared to USD 438.29 million a year ago. Net income was USD 438.88 million compared to USD 438.29 million a year ago. Basic earnings per share from continuing operations was USD 5.3 compared to USD 5.28 a year ago. Basic earnings per share from continuing operations was USD 5.3 compared to USD 5.28 a year ago. Diluted earnings per share from continuing operations was USD 5.24 compared to USD 5.22 a year ago. Diluted earnings per share from continuing operations was USD 5.24 compared to USD 5.22 a year ago.
IDEXX Laboratories, Inc. is a world leader in the design, development and marketing of diagnostic test instruments for animal health monitoring and analysis of dairy products and water. Net sales break down by area of application as follows:
- veterinary diagnoses for pets (91.6%);
- water quality analysis (4.6%);
- veterinary diagnoses for livestock and poultry (3.3%): solutions that help detect infectious diseases in ruminants, pigs, poultry and horses. The group also offers test solutions for dairy products;
- other (0.5%).
Net sales by source of income break down between product sales (57.1%) and services (42.9%).
Net sales are distributed geographically as follows: the United States (65.3%), Canada (4.1%), Americas (2.3%), Germany (4.1%), the United Kingdom (3.3%), France (2.7%), Italy (1.5%), Spain (1.4%), Switzerland (0.9%), the Netherlands (0.8%), Europe/Middle East/Africa (4.8%), Australia (2.6%), Japan (2.1%), China (1.2%) and Asia/Pacific (2.9%).
IDEXX LABORATORIES, INC. 
