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IDEXX Laboratories Announces Second Quarter Results
Date:7/20/2012

igher client compliance and practice growth." 

"I am also pleased to announce some organizational changes that will position us for continued growth.  We have created a new structure consisting of three operating Executive Vice Presidents and a set of key functional staff that will report to the CEO.  The three operating Executive Vice Presidents collectively will have responsibility for essentially all of the Company's global operations, each with direct oversight of a portfolio of lines of business and geographic regions."

"I am pleased that Johnny Powers and Michael Williams, executives with extensive track records of success at IDEXX, have been elevated to two of these Executive Vice President positions.  I am also very pleased to announce the recruitment of Jay Mazelsky for the third Executive Vice President role.  Jay comes from Philips Healthcare, where he was most recently Senior Vice President and General Manager of their global Computed Tomography, Nuclear Medicine and Radiation Therapy Planning businesses.  Jay is a seasoned executive who has extensive experience with product and software innovation in the healthcare field, and will be a great addition to our IDEXX team."

"In connection with these changes we also have promoted Merilee Raines, our Chief Financial Officer, and Bill Brown, our Chief Scientific Officer, to Executive Vice President in recognition of their respective critical roles in the past and future success of IDEXX." 

"I look forward to working closely with this executive team, as well as our broader leadership team, in the years ahead to promote continued growth and innovation at IDEXX."

Revenue PerformancePlease refer to the table below entitled "Revenues and Revenue Growth Analysis by Product and Service Categories" in conjunction with the following discussion.

Companion Animal Group. Companion Animal Group ("CAG") revenues for the second quarter of 2012 we
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SOURCE IDEXX Laboratories, Inc.
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