IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

IDEXX Laboratories, Inc.

Overview
Date Founded

1983

Headquarters

6 Ashley Dr, Scarborough, ME, 04074, US

Type of Company

Public

Employees (Worldwide)

9,200

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: CAG, Water, LPD, and Other. The CAG segment develops, designs, manufactures, and distributes products and performs services for veterinarians and the biomedical analytics market, primarily related to diagnostics and information management. The Water segment develops, designs, manufactures, and distributes a range of products used in the detection of various microbiological parameters in water. The LPD segment develops, designs, manufactures, and distributes diagnostic tests and related instrumentation and performs services, which are used to manage the health status of livestock and poultry, to improve producer, and to ensure the quality and safety of milk and food. The Other operating segment combines and presents products for the human point-of-care medical diagnostics market with its out-licensing arrangements. The company 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

Executive Vice President, Chief Financial Officer & Treasurer

Corporate Vice President General Counsel & Corporate Secretary

Chief Marketing Officer & Vice President

Chief Technology Officer & Vice President

Executive Vice President & Chief Commercial Officer

Corporate Vice President & Chief Information Officer

Chief Information Officer & Vice President

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

Executive Vice President General Manager, Point of Care Diagnostics & Worldwide Operations

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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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WBIM is an active investment manager that utilizes a variety of methods and strategies to make investment decisions and recommendations. The firm employs both fundamental and technical research methods when evaluating investment opportunities. They use various resources such as financial newspapers, magazines and websites; corporate data; ratings services; third party research; SEC filings; company press releases; and proprietary research. WBIM manages primarily US international and global equity portfolios and US fixed income portfolios for their clients. Their investment strategies include: US Growth; US Value; International and Global Equity; Chinese Securities; US Fixed Income, Hedge Fund Strategies, Dynamic Allocation; International Systematic Research; and Directional Multi-Alternative Strategies.

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

SHELTERING HOMELESS ANIMALS, ANIMAL CONTROL, ADOPTION, LOW-COST SPAY/NEUTER SERVICES, LOW-COST PUBLIC VETERINARY CLINIC AND LIFESAVING INTERVENTION THROUGH SAFETY NET PROGRAMS AND SERVICES

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 2019
Market Capitalization
$34.1B
Total Enterprise Value
$23.8B
Earnings Per Share
$4.89
Revenue
$2.41B
Net Profit
$428M
Three Year Compounded Annual Growth Rate Of Revenue
10.68%
Five Year Compounded Annual Growth Rate Of Revenue
10.13%
Total Debt
$1.07B
Total Equity
$178M
EBITDAMargin
26.22%
EBITDA
$631M
Enterprise Value / Sales
9.91x
Enterprise Value EBITDAOperating
37.64x
TEVNet Income
55.74x
Debt TEV
0.04x
Non-Profit Donations & Grants
Investors
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Co-Founder at Flagship Pioneering

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

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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 segments: Life Sciences, Diagnostics, 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 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.

Covetrus, Inc. Computer Software - Portland, ME

Covetrus, Inc. engages in developing technologies and services for animal health industry. It also provides products, software, and services to help drive improved patient health, strong client relationships, and successful financial outcomes for veterinary professionals. The company was founded by Benjamin J. Shaw in 2014 and is headquartered in Portland, ME.

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