NASDAQ$IDXX
IDEXX Laboratories Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Achieved revenue growth of 12% and EPS of $2.03.
IDEXX Laboratories reported a strong third quarter, with revenue reaching $810 million, a 12% increase as reported and 10% organically. EPS grew to $2.03, a 20% increase. The results were driven by continued momentum in the Companion Animal Group (CAG) business.
- Third quarter revenue growth of 12% as reported and 10% on an organic basis.
- CAG Diagnostics recurring revenue growth of 13% reported and 11.5% organic.
- Delivered EPS of $2.03, representing 20% growth as reported and 12% on a comparable basis
- Updated 2021 guidance to higher end of previous guidance ranges.
Headline financials
Revenue & EPS history
IDEXX · Revenue · Quarterly
$810M
Revenue by segment
IDEXX · $810M total across 9 segments · Q3 2021
- Reference labs$282M—34.8%
- VetLab consumables$253M—31.2%
- Rapid assay products$77M—9.5%
- Vet software & imaging$54.7M—6.8%
- Dx capital instruments$39.4M—4.9%
- Water$38.1M+14.6%4.7%
- LPD$29.1M-21.2%3.6%
- Dx services & accessories$26.4M—3.3%
- Other$10.7M-21.2%1.3%
Forward guidance
IDEXX updated its full-year 2021 outlook, projecting revenue growth of 17.5% - 18% as reported and 15.5% - 16% organic. EPS growth is expected to be 24% - 25% as reported and 26% - 27% on a comparable basis.
Tailwinds
- Revenue growth of 17.5%-18% as reported.
- Organic revenue growth of 15.5%-16%.
- CAG Diagnostics Recurring Revenue Growth Reported growth 18.5%-19.5%.
- CAG Diagnostics Recurring Revenue Growth Organic growth 17%-17.5%.
- EPS growth of 24%-25% as reported.
Headwinds
- Estimated Foreign Currency Exchange Rates and Impacts 2021 Revenue growth rate impact ~ 1.5%.
- CAG Diagnostics recurring revenue growth rate impact ~ 1.5%.
- Operating margin growth impact ~ 10 bps.
- EPS impact ~ $0.16.
- EPS growth impact ~ 2.0%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.7%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+2.8%
Avg return
30 days after
43%
30 / 69 earnings
Positive
+27.5%
Q2 2025
Best reaction
-18.9%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.4% | -0.6% | -0.1% | |
| Q4 2025 | -4.8% | -3.9% | -3.2% | |
| Q3 2025 | +14.9% | +12.5% | +15.3% | |
| Q2 2025 | +27.5% | +22.9% | +18.4% | |
| Q1 2025 | +9.0% | +9.5% | +18.7% | |
| Q4 2024 | +11.1% | +8.9% | +3.6% | |
| Q3 2024 | -7.5% | -7.8% | -6.5% | |
| Q2 2024 | +2.6% | +6.1% | +3.1% | |
| Q1 2024 | -3.4% | -3.2% | +0.9% | |
| Q4 2023 | +7.6% | +8.5% | +5.8% | |
| Q3 2023 | +5.0% | +5.9% | +20.8% | |
| Q2 2023 | -6.4% | -9.1% | -7.8% | |
| Q1 2023 | -2.2% | -0.2% | -4.0% | |
| Q4 2022 | +5.2% | +0.7% | -0.0% | |
| Q3 2022 | +3.6% | +3.4% | +22.1% | |
| Q2 2022 | +2.2% | +2.4% | -12.1% | |
| Q1 2022 | -11.7% | -20.9% | -14.5% | |
| Q4 2021 | +5.0% | +0.8% | +4.3% | |
| Q3 2021 | -6.1% | -4.4% | -10.1% | |
| Q2 2021 | -3.6% | -0.8% | -5.1% | |
| Q1 2021 | -3.6% | -1.0% | +0.1% | |
| Q4 2020 | -1.4% | +2.1% | -1.3% | |
| Q3 2020 | +0.5% | +5.0% | +7.4% | |
| Q2 2020 | +4.8% | +5.8% | +2.6% | |
| Q1 2020 | -0.7% | +3.4% | +13.3% | |
| Q4 2019 | -2.8% | -3.3% | -10.3% | |
| Q3 2019 | +1.1% | -3.5% | -8.1% | |
| Q2 2019 | -4.7% | -4.1% | +2.7% | |
| Q1 2019 | +4.5% | +8.6% | +7.7% | |
| Q4 2018 | -4.5% | -1.9% | +1.5% | |
| Q3 2018 | -3.4% | -4.6% | -3.9% | |
| Q2 2018 | -1.7% | -0.8% | +3.7% | |
| Q1 2018 | +6.0% | +5.5% | +10.0% | |
| Q4 2017 | -0.4% | -3.7% | -0.7% | |
| Q3 2017 | -3.1% | -5.4% | -4.9% | |
| Q2 2017 | -9.2% | -8.3% | -6.6% | |
| Q1 2017 | +0.6% | -1.5% | +2.9% | |
| Q4 2016 | +15.7% | +16.6% | +19.8% | |
| Q3 2016 | -1.6% | -0.9% | +6.6% | |
| Q2 2016 | +15.5% | +16.6% | +21.0% | |
| Q1 2016 | +5.6% | — | — | |
| Q4 2015 | +10.4% | — | — | |
| Q3 2015 | -8.8% | — | — | |
| Q2 2015 | +9.4% | — | — | |
| Q1 2015 | -18.9% | — | — | |
| Q4 2014 | -3.1% | — | — | |
| Q3 2014 | +9.8% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | -0.6% | — | — | |
| Q1 2013 | -6.4% | — | — | |
| Q4 2012 | -3.5% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q2 2012 | -5.3% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | +3.2% | — | — | |
| Q2 2011 | +6.3% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2008 | -3.9% | — | — | |
| Q4 2010 | -3.9% | — | — | |
| Q3 2009 | -1.4% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q4 2009 | -2.7% | — | — | |
| Q2 2009 | -2.7% | — | — | |
| Q2 2010 | -2.7% | — | — |
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