IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

Overview
Date Founded

1983

Headquarters

87 Fogg Rd, Buxton, ME, 04093, US

Type of Company

Public

Employees (Worldwide)

8,377

Industries

Medical Products & Equipment
Consumer Services
Computer Software
Computer Hardware
Appliances & Electronics
Hospitals & Patient Services

Company Description

IDEXX Laboratories, Inc. engages in the development, manufacture, and distribution of products and services for the animal veterinary, livestock and poultry, dairy and water testing markets. It operates through the following segments: Companion Animal Group; Water; Livestock, Poultry, and Dairy; and Other. The Companion Animal Group segment refers to diagnostic and information technology-based products and services for the veterinary market. The Water segment includes water quality products for testing of certain microbiological water contaminants. The Livestock, Poultry, and Dairy segment involves diagnostic, health-monitoring, and food safety testing products for livestock and poultry health, and dairy products. The Other segment include products for the human point-of-care medical diagnostics market with the company's pharmaceutical product line and out-licensing arrangements. IDEXX Laboratories was founded by David Evans Shaw on December 19, 1983 and is headquartered in Westbrook, ME.

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Executives & Employees

President & Chief Executive Officer

Interim President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Corporate Vice President, General Counsel & Corporate Secretary

Vice President & Chief Marketing Officer

Chief Technology Officer & Vice President

Chief Information Officer & Vice President

Corporate Vice President General Manager, Companion Animal Group Commercial Operations

Corporate Vice President General Manager, Companion Animal Group Customer Facing Organization

Corporate Vice President General Manager, Companion Animal Group EMEA & Asia Pacific

Board of Directors

President & Chief Executive Officer at IDEXX Laboratories, Inc.

Advisory Director at Berkshire Partners LLC

Founder at Szostak Partners LLC

Co-Director, Business & Environment Initiative at Harvard University - Harvard Business School

Former Chief Executive Officer & Director at Integra Lifesciences Holdings Corp.

Founder at Kids First (Virgin Islands)

Vice President-Emerging Technology Partnerships at International Business Machines Corporation

Former President & Chief Executive Officer at Immunogen Inc.

Senior Vice President & Chief Financial Officer at Illumina, Inc.

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IDEXX Laboratories, Inc.
Owners & Shareholders
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Fundsmith is a fund management company established in 2010 by Terry Smith. The business is 100% owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA. The investment process of the Fundsmith Equity Fund will be the only equity fund strategy that we employ and the Fundsmith Equity Fund is the main vehicle for Terry’s own investments.

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BAMCO's investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager's ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account's investment objective. The firm's investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm's research process.

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MGI's investment strategies include equities, fixed income and alternatives. For equities, the firm incorporates a range of both long-only and long/short strategies - covering most major stock markets, and a number of different investment styles. They believe that success in equity investing requires a high degree of specialism, with investment approaches honed to reflect the distinctive nuances of diverse stock markets. MGI's fixed income team offers capabilities in multi-sector bonds (including both absolute-return and market-relative strategies), corporate bonds, including financials contingent capital bonds (often known as \"CoCos\") and both local- and hard-currency emerging market bonds. The portfolio managers and analysts who specialize in these areas collaborate to share ideas on strategy, positioning and research - as well as developing a holistic view of the fixed income market. For alternatives, the firm believes that allocating to alternatives can provide a stable cornerstone for building a successful portfolio. Their offering includes capabilities in equity market neutral, directional equity long/short, gold and silver, style premia and systematic positive skew (short term managed futures) strategies. The strategies aim to deliver strong risk-adjusted returns while limiting downside, across a range of annualized target volatilities.

Recent Transactions
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IDEXX Laboratories, Inc. purchases Animana BV

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IDEXX Laboratories, Inc. purchases Madasa Do Brasil Ltda.

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IDEXX Laboratories, Inc. purchases College of Veterinary Medicine /RADIL Business from University of Missouri - Columbia

Insider Transactions
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Transaction Advisors
Accountant

Advised onIDEXX Laboratories, Inc. purchases Genera Technologies Ltd.

Investment Advisor

Advised onIDEXX Laboratories, Inc. purchases Advanced Veterinary Systems

Accountant

Advised onIDEXX Laboratories, Inc. purchases Dr. Bommeli AG from Akzo Nobel NV

Advisors & Consultants
Legal Advisor

Chair, Corporate Practice Group at Wilmer Cutler Pickering Hale and Dorr LLP

Legal Advisor

Partner at Goodwin Procter LLP

Advisor

Former Executive Vice President at IDEXX Laboratories, Inc.

Clients

Millard Wallace Ickes, DVM, founded MWI in Nampa, Idaho, in 1976 to address the needs of veterinarians in the Northwest. As the word spread that MWI offered quality service and competitive pricing, the business grew rapidly. Today, MWI’s growth continues because we know that we won’t be successful unless you are, and we continue to develop solutions centered on your success. Our Mission and Core Values MWI’s mission is to be the best resource to the veterinary profession by delivering superior value, efficiency and innovation.

Key Stats and Financials As of 2018
Market Capitalization
$23.8B
Total Enterprise Value
$17.3B
Earnings Per Share
$4.26
Revenue
$2.21B
Net Profit
$377M
Total Debt
$1B
Total Equity
$-9.23M
Enterprise Value Sales
7.83x
TEVNet Income
45.97x
Debt TEV
0.06x
EBITDAMargin
26.12%
EBITDA
$578M
Enterprise Value EBITDAOperating
29.98x
Three Year Compounded Annual Growth Rate Of Revenue
11.38%
Five Year Compounded Annual Growth Rate Of Revenue
9.96%
Non-Profit Donations & Grants
Investors
Details Hidden

Co-Founder at Flagship Pioneering

Suppliers
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Moss, Inc. manufactures and distributes tension fabric structures and display hardware. Its products include Entasi, EZ Fabric Wall System, EZ N-Line, Linear Expressions, Moss Grove, Rentals and shapes. The firm's clients include exhibits, event, retail and sports industries. The company was founded in 1975 by C. William Moss and is headquartered in Elk Grove Village, IL.

Cornell University Internet Software & Services | Ithaca, New York

Along with its excellent faculty and facilities, Cornell University boasts a beautiful location in the Finger Lakes region of central New York. The huge hillside campus overlooks Lake Cayuga and is crisscrossed by deep gorges and bridges. Cornell is unique among the Ivy League universities in that its agricultural program is part of the state school system. Cornell is well known for its schools of engineering and hotel management. Its strengths in research and instruction have earned it membership in the Association of American Universities, and Cornell can also boast of a chapter of Phi Beta Kappa. Cornell's athletic teams are called the Big Red.

Thermo Fisher Scientific, Inc. Computer Software | Waltham, Massachusetts

Thermo Fisher Scientific, Inc. engages in the provision of analytical instruments, equipment, reagents and consumables, software and services for research, analysis, discovery, and diagnostics. It operates through the following segments: Life Sciences Solutions; Analytical Instruments; Specialty Diagnostics; and Laboratory Products and Services. The Life Sciences Solutions segment comprises of portfolio of reagents, instruments, and consumables used in biological and medical research, discovery and production of new drugs, and vaccines as well as diagnosis of disease. The Analytical Instruments segment offers instruments, consumables, software, and services that are used for a range of applications in the laboratory, on the production line, and in the field. The Specialty Diagnostics segment gives diagnostic test kits, reagents, culture media, instruments, and associated products used to increase the speed and accuracy of diagnoses. The Laboratory Products and Services segment involves in providing everything needed for the laboratory, including a combination of self-manufactured and sourced products for customers in research, academic, government, industrial, and healthcare settings. The company was founded on October 11, 1960 and is headquartered in Waltham, MA.

Competitors
Danaher Corporation Industrial Machinery & Manufacturing - Washington, DC

Danaher Corp. operates as a medical company, which designs, manufactures, and markets professional, medical, industrial and commercial products and services. It operates through the following five segments: Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions. The Life Sciences segment offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines. The Diagnostics segment comprises of analytical instruments, reagents, consumables, software, and services that hospitals, physician's offices, reference laboratories, and other critical care settings use to diagnose disease and make treatment decisions. The Dental segment develops products and services that are used to diagnose, treat and prevent disease and ailments of the teeth, gums, and supporting bones; as well as to improve the aesthetics of the human smile. The Environmental & Applied Solution segment offers products and services that help protect important resources and keep global food and water supplies safe. The company was founded by Steven M. Rales and Mitchell P. Rales in 1969 and is headquartered in Washington, DC.

Abbott Laboratories Pharmaceuticals - Abbott Park, Illinois

Abbott Laboratories engages in the discovery, development, manufacture, and sale of a broad and diversified line of health care products. It operates through the following segments: Established Pharmaceutical Products, Nutritional Products, Diagnostic Products, Cardiovascular and Neuromodulation Products, and Other. The Established Pharmaceutical Products segment refers to the international sales of a line of branded generic pharmaceutical products. The Nutritional Products segment caters to the worldwide sales of adult and pediatric nutritional products. The Diagnostic Products segment markets diagnostic systems and tests for blood banks, hospitals, commercial laboratories, and alternate-care testing sites. The Vascular Products segment trades coronary, endovascular, structural heart, vessel closure, and other medical device products. The Other segment comprises of Abbott Medical Optics. The company was founded by Wallace Calvin Abbott in 1888 and is headquartered in Abbott Park, IL.

Samsung Electronics Co., Ltd. Semiconductors - SUWON, GY

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

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