IDEXX Laboratories Inc

IDXX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Idexx Earnings: Softness in Clinical Visits That Is Dragging Down Growth Likely to Continue

Debbie S. Wang

Aug 9, 2024

Idexx posted second-quarter results that were more muted than usual; we’re leaving our fair value estimate unchanged as our slight adjustments to full-year projections weren’t enough to move the needle. Even more unusual, management reduced its outlook for the second consecutive quarter. Nonetheless, we haven’t seen much to suggest that Idexx’s narrow economic moat has eroded. The firm’s switching costs and intangible assets appear intact.

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IDEXX Laboratories Inc

Idexx Earnings: Softness in Clinical Visits That Is Dragging Down Growth Likely to Continue

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