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Idexx Laboratories Inc. has reported 4% revenue growth from the fourth quarter of 2011 to the same quarter in 2012, with the strongest growth in the company's companion animal group.
The Westbrook-based pet diagnostic medical instrument company reported annual revenues up 6%, to $1.29 billion in 2012, up from $1.22 billion in 2011.
The company also reported in a press release today that its operating profit increased 11% in 2012, rising from $236.2 million in 2011 to $262.6 million in 2012.
Looking ahead, the company projected continued growth of 8.5% to 9.5%, which would put Idexx at just over $1.4 billion in revenue by 2014.
Only 1% of revenue came from acquisitions in 2012; the company attributed a 2% revenue drop from changes in foreign currency exchange rates.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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