Idexx Displays Another Quarter of Steady Growth in 1Q; No Change to Our Fair Value Estimate
Idexx Laboratories delivered another quarter of strong performance, despite foreign exchange headwinds, and we’re leaving our fair value estimate unchanged as the firm remains on track to meet our full-year projections. Once again, the main driver was the companion animal segment, which displayed strength in consumables, and reference and consulting services. We remain big fans of Idexx’s ability to innovate, its competency in operations, and its tight hold over expenses, and this quarter’s resu...IDEXX Laboratories develops, manufactures, and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, dairy and water testing markets. The company operates primarily through three business segments: Companion Animal Group, which provides diagnostic and information management-based products and services for the veterinary market; Water Quality Products, which designs, develops, manufactures, and distributes products used in the detection of various microbiological parameters in water; and Livestock, Poultry and Dairy, which provides diagnostic products and services for livestock and poultry health.
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