IDEXX Laboratories Inc. boosted its revenue by nearly 14 percent in the fourth quarter compared with a year earlier, exceeding analyst expectations for both sales and profits.
The Westbrook-based animal health products maker reported fourth-quarter revenue of $399.7 million, up 13.6 percent from the fourth quarter of 2014. It was about $2.3 million higher than expected. Revenue for the full year was $1.6 billion, up 8 percent from 2014.
The company reported fourth-quarter net income of $44.4 million, or $0.48 per share, beating analyst expectations by $0.04 per share. It was 2.1 percent higher than in the fourth quarter of 2014. Net income for the full year was $192.1 million, up 5.6 percent from 2014.
The company attributed much of the revenue growth to its recent transition to a direct-sales-only model for its U.S. Companion Animal Group diagnostics division. Previously, IDEXX had sold the products indirectly through resellers.
Send questions/comments to the editors.
-
EditorialsOur View: Pipeline rejection shows climate-related questions not always easy
-
Columnists
Tom Waddell: Gov. Mills’ order treats all equally — including churches
-
Opinion
Today’s editorial cartoon
-
Bill Nemitz
Bill Nemitz: New and improved democracy – so easy you can do it in your pajamas
-
Community
Compost webinar series to begin March 11
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi {SUB NAME}, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.