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IDEXX Laboratories Announces Fourth Quarter and Full Year Results
Date:1/30/2009

ign currency exchange rates from current levels could have a significant positive or negative impact on our actual results of operations in 2009.

  • Revenues are expected to be $1.02 to $1.04 billion, which represents reported growth of 0% to 2% compared to 2008 revenues. The implied organic growth is 7% to 9% as compared to 9% for 2008. This guidance is down from the previous guidance of $1.05 to $1.07 billion provided in October, 2008, due primarily to our observation of worsening economic conditions in the fourth quarter.
  • Diluted EPS are expected to be between $1.84 to $1.90 as compared to the previous guidance of $1.82 to $1.92 given in October, 2008, which reflects lower anticipated revenues accompanied by tight operating expense control.
  • Free cash flow is expected to be approximately 100% of net income.

Conference Call and Webcast Information

IDEXX Laboratories will be hosting a conference call today at 9:00 a.m. (eastern) to discuss its fourth quarter results. To participate in the conference call, dial 800-288-8975 or 612-234-9959 and reference confirmation code 983183. An audio replay will be available through February 6, 2009 by dialing 320-365-3844 and referencing replay code 983183.

The call will also be available via live or archived Webcast on the IDEXX Laboratories' web site at www.idexx.com.

About IDEXX Laboratories

IDEXX Laboratories, Inc. is a leader in pet healthcare innovation, serving practicing veterinarians around the world with a broad range of diagnostic and information technology-based products and services. IDEXX products enhance the ability of veterinarians to provide advanced medical care, improve staff efficiency and to build more economically successful practices. IDEXX is also a worldwide leader in providing
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SOURCE IDEXX Laboratories, Inc.
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