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IDEXX Laboratories, located in Westbrook, Maine, revealed their first quarter 2012 revenues recently. The company reported a 10 percent increase over first quarter 2011 earnings, escalating from $292.7 million to $322.7 million. Earnings per diluted share (EPS) for the quarter ceased March 31, 2012, and increased from $0.62 to $0.72 for the same period.
IDEXX Laboratories assists over 50,000 veterinary practices with advanced medical care and strives to help them increase practice profitability and improve their staff’s productivity. IDEXX employs over 5,000 people in more than 60 locations worldwide. IDEXX provides veterinarians with diagnostic and information technology-based products and services, including pet-side diagnostic tests, point-of-care instruments, reference laboratory services, digital radiography, and practice management solutions.
Jonathan Ayers, Chairman and Chief Executive Officer for IDEXX, shared, “I am pleased with our first quarter results. Our 10% organic growth in the first quarter, in an economic environment that remains challenging, demonstrates the success of our strategy to bring innovative products and services to our veterinary and other customers, as well as strong commercial execution in markets around the world.”
Ayers further reported that the United States Department of Agriculture (USDA) recently approved the IDEXX SNAP 4D Plus Test, designed to assist in vector-borne screening for two additional pathogens in animals. This product will be a part of their second quarter launch along with a test used to detect levels of seizure control medication, phenobarbitol.
Reasons reported for increase revenue in the first quarter include reference laboratory and consulting services business increase along with new customers from IDEXX expanding geographically. The instrument and consumables portion of the business stemmed from sales increase in the Catalyst DX and ProCyte DX instruments and related consumables.
For further information about IDEXX Laboratories, visit www.idexx.com.

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