IDXX — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Description of Operating Segments. We operate primarily through three reportable segments: Companion Animal Group (“CAG”), Water quality products (“Water”), and Livestock, Poultry and Dairy (“LPD”). CAG provides diagnostics and information management products and services for the companion animal ve…

• Global Conflicts. The current macroeconomic environment and current global conflicts, including the escalation of hostilities in the Middle East, could cause further disruption to global energy markets, fuel prices, transportation networks, and supply chains particularly in the Asia Pacific and Euro…

• Other Items. Refer to “Part I, Item 1. Intellectual Property, Including Patents and License” and “Part II. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2025 Annual Report for additional information regarding trends in companion animal…

• The discussion and analysis of our financial condition and results of operations is based upon our unaudited condensed consolidated financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires us to make estimates and judgments t…

• For more information regarding the impact that recent accounting standards and amendments will have on our consolidated financial statements, refer to “Note 2. Accounting Policies” to the unaudited condensed consolidated financial statements in “Part I. Item 1. Financial Statements” of this Quarterl…

Text removed vs the prior filing · source: 10-Q · 2025-11-03

• •Point-of-care electrolytes and blood gas analyzers for the human medical diagnostics sector.

• Description of Operating Segments. We operate primarily through three operating segments: diagnostic and information management-based products and services for the companion animal veterinary industry, which we refer to as the Companion Animal Group (“CAG”); water quality products (“Water”); and dia…

• Currency Impact, Tariff and Trade Policies, U.S. Tax Law Changes, and Other Items

• Changes in Tariff and Trade Policies. Although we manufacture many of our companion animal and water quality products, as well as certain of our LPD testing products, in the United States, we rely on third-party suppliers located in the United States and other regions (such as Europe and Asia Pacifi…

• The U.S. government has periodically announced changes to its trade policy, including increasing tariffs on imports, in some cases significantly, and potentially renegotiating or terminating its existing trade agreements. Imposition of certain country-specific tariffs are uncertain and subject to ne…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Foreign currency transaction (gains) losses - prior period671 933

• Operating profit increase (decrease) - compared to prior period

• Diluted earnings per share increase (decrease) - compared to prior period (1)

• (1) The impacts on diluted earnings per share presented may not recalculate due to rounding.

• At our current foreign exchange rate assumptions, we anticipate year-over-year changes for the remainder of the year will increase our revenues, operating profit and diluted earnings per share by approximately $9 million, $13 million and $0.13 per share, respectively. These favorable currency impact…

Text removed vs the prior filing · source: 10-Q · 2025-11-03

• Diluted earnings per share increase (decrease) - compared to prior period$0.02 $0.01 $0.01 $(0.01)

• The impacts on diluted earnings per share presented may not recalculate due to rounding.

• At our current foreign exchange rate assumptions, we anticipate year-over-year changes for the remainder of the year will increase our revenues by approximately $18 million and increase operating profit and diluted earnings per share by approximately $11 million and $0.10 per share, respectively. Th…

• Based on projected revenues and expenses for the remainder of 2025, excluding the impact of intercompany and trade balances denominated in currencies other than the functional subsidiary currencies, we project a 1% strengthening of the U.S. dollar would reduce revenue by approximately $4 million and…

• Interest Rate Risk. We entered into an interest rate swap to manage the effect of variable interest obligations on amounts borrowed under the terms of our Credit Facility. Beginning on March 31, 2023, the variable interest rate associated with $250.0 million of borrowings outstanding under our Credi…