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IDEXX Laboratories Announces Second Quarter Results
Date:7/25/2014

news_span">($0.10)Net changes in foreign currency exchange rates

-

-($0.03)EPS (As Adjusted)

$3.79

$3.86$3.40Year-over-Year Growth of EPS (As Adjusted)

11%

14%The above guidance reflects the assumptions that the value of the US dollar relative to other currencies will remain at our current assumptions of the euro at $1.35, the British pound at $1.69, the Canadian dollar at $0.94, the Australian dollar at $0.94 and the Japanese yen at ¥102 to the US dollar for the balance of 2014, and that the Federal R&D tax credit is not renewed for 2014.

2015 Preliminary OutlookThe baseline preliminary outlook for 2015, before the impact of the transition to an all-direct product distribution model, is for 9% to 10% organic revenue growth reflecting our accelerating momentum in the Company's business. Operating margins, excluding previously described transitional impacts in both 2014 and 2015, are expected to be relatively flat next year. 

Conference Call and Webcast InformationIDEXX Laboratories, Inc. will be hosting a conference call today at 8:30 a.m. (Eastern) to discuss its second quarter results and management's outlook. To participate in the conference call, dial 1-800-230-1059 or 1-612-332-0107 and reference confirmation code 331727. An audio replay will be available through Friday, August 1, 2014 by dialing 1-320-365-3844 and referencing replay code 331727.

The call will also be available via live or archived webcast on the IDEXX Laboratories' website at http://www.idexx.com and will be available for one year.  About IDEXX Laboratories, Inc.IDEXX Laboratories, Inc. is
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SOURCE IDEXX Laboratories, Inc.
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