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Idexx Laboratories (IDXX)

IDEXX Laboratories, Inc. is a member of the S&P 500® Index and is a leader in pet healthcare innovation, offering diagnostic and software products and services that deliver solutions and insights to practicing veterinarians around the world. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and build more economically successful practices. IDEXX is also a worldwide leader in providing diagnostic tests and information for livestock and poultry and tests for the quality and safety of water and milk and point-of-care and laboratory diagnostics for human medicine. Headquartered in Maine, IDEXX employs more than 9,000 people and offers products to customers in over 175 countries.

Company profile

Ticker
IDXX
Exchange
Website
CEO
Jonathan Jay Mazelsky
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
342 Saco Street, LLC • Beijing IDEXX Laboratories Co. Limited • ezyVet US, Inc. • IDEXX Animana B.V. • IDEXX Brasil Laboratórios Ltda. • IDEXX Brasil Participações Ltda. • IDEXX Diagnostic Limited • IDEXX Diavet AG • IDEXX Distribution, Inc. • IDEXX GmbH ...
IRS number
10393723

IDXX stock data

Calendar

2 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 114.36M 114.36M 114.36M 114.36M 114.36M 114.36M
Cash burn (monthly) 30.09M 9.81M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 47.27M 15.42M n/a n/a n/a n/a
Cash remaining 67.09M 98.94M n/a n/a n/a n/a
Runway (months of cash) 2.2 10.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Aug 22 Brian P Mckeon Common Stock Payment of exercise Dispose F No No 407.78 90 36.7K 28,275.643
5 Aug 22 Brian P Mckeon Common Stock Option exercise Acquire M No No 0 192 0 28,365.643
5 Aug 22 Brian P Mckeon RSU Common Stock Option exercise Dispose M No No 0 192 0 4,593
5 Aug 22 Jonathan Jay Mazelsky Common Stock Payment of exercise Dispose F No No 407.78 179 72.99K 51,517.643
5 Aug 22 Jonathan Jay Mazelsky Common Stock Option exercise Acquire M No No 0 385 0 51,696.643
5 Aug 22 Jonathan Jay Mazelsky RSU Common Stock Option exercise Dispose M No No 0 385 0 9,990
29 Jul 22 Junius Daniel M Common Stock Grant Acquire A No No 399.18 16 6.39K 2,950
1 Jun 22 Michael Perkins Johnson RSU Common Stock Grant Acquire A No No 0 3,382 0 3,382
20 May 22 Jonathan Jay Mazelsky Common Stock Option exercise Acquire M No No 141.6 706 99.97K 51,300.643
20 May 22 Jonathan Jay Mazelsky Incentive Stock Option (right-to-buy) Common Stock Option exercise Dispose M No No 141.6 706 99.97K 0
85.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 985 1062 -7.3%
Opened positions 76 151 -49.7%
Closed positions 153 94 +62.8%
Increased positions 346 327 +5.8%
Reduced positions 390 399 -2.3%
13F shares Current Prev Q Change
Total value 38.79B 43.75B -11.3%
Total shares 71.16M 66.54M +6.9%
Total puts 233.1K 226.2K +3.1%
Total calls 205.1K 217.5K -5.7%
Total put/call ratio 1.1 1.0 +9.3%
Largest owners Shares Value Change
BLK Blackrock 9.16M $5.01B +1.9%
Vanguard 8M $4.38B +1.0%
STT State Street 3.69M $2.02B -1.3%
Fundsmith 3.62M $1.98B NEW
Bamco 2.48M $1.36B -1.9%
Alliancebernstein 1.94M $1.06B +21.5%
Geode Capital Management 1.85M $1.01B +2.7%
American Century Companies 1.42M $778.8M +32.1%
BEN Franklin Resources 1.31M $714.72M +4.9%
Blair William & Co 1.26M $687.12M -2.6%
Largest transactions Shares Bought/sold Change
Fundsmith 3.62M +3.62M NEW
Fundsmith Investment Services 952.43K +952.43K NEW
Norges Bank 0 -751.58K EXIT
Winslow Capital Management 456.76K +456.76K NEW
TROW T. Rowe Price 1.07M +370.41K +53.0%
American Century Companies 1.42M +346.12K +32.1%
Alliancebernstein 1.94M +343.19K +21.5%
Capital International Investors 0 -321.14K EXIT
JHG Janus Henderson 246.13K +223.21K +973.8%
BK Bank Of New York Mellon 739.99K -186.28K -20.1%

Financial report summary

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Management Discussion
  • (1)Reported revenue growth and organic revenue growth may not recalculate due to rounding.
  • Total Company Revenue. The increase in organic revenue was driven by volume gains in CAG Diagnostics recurring revenue, primarily in the U.S. Overall growth reflects higher realized prices and expanding demand for companion animal diagnostics globally. Our CAG Diagnostics instrument revenue reflects high placement volume this quarter. The higher revenue in our Water business was primarily due to the benefit of price increases and higher testing volumes. The decline in our LPD business was primarily due to lower demand for swine testing in China. Other revenues reflects lower OPTI COVID-19 PCR testing products and services in the U.S. The impact of foreign currency movements decreased total revenue growth by 3.3%, while acquisitions increased revenue growth by 1.0%.
  • Gross Profit. Gross profit increased due to higher sales volumes and a 50 basis point increase in the gross profit margin. The increase in the gross profit margin was primarily due to net price gains, the benefit of our reference laboratory productivity initiatives, and improved software services gross margins. The margin also increased due to comparisons to a prior year impairment charge related to rental assets in certain regions. These increases were offset by higher product, freight and distribution, and labor costs, including the impacts of inflation. The impact from foreign currency movements increased the gross profit margin by approximately 50 basis points, primarily from the impact of higher hedge gains in the current year as compared to hedge losses in the prior year.

Content analysis

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Positive
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Readability
H.S. freshman Avg
New words: America, decision, fuel, grew, hiring, imposed, influence, investee, labor, larger, Latin, noncontrolling, preferred, rationing, treated, USD, wind
Removed: personnel