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IDEXX Laboratories (IDXX) Q1 2018 Results - Earnings Call Transcript

May 04, 2018 1:21 PM ETIDEXX Laboratories, Inc. (IDXX)
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IDEXX Laboratories, Inc. (NASDAQ:IDXX) Q1 2018 Earnings Call May 4, 2018 8:30 AM ET


Brian P. McKeon - IDEXX Laboratories, Inc.

Jonathan W. Ayers - IDEXX Laboratories, Inc.


Erin Wilson Wright - Credit Suisse

Ryan S. Daniels - William Blair & Co. LLC

Michael Ryskin - Bank of America Merrill Lynch

Jonathan David Block - Stifel, Nicolaus & Co., Inc.

Mark Anthony Massaro - Canaccord Genuity, Inc.

Andrew Cooper - Raymond James Financial, Inc. (Broker)


Good morning and welcome to the IDEXX Laboratories First Quarter 2018 Earnings Conference Call. As a reminder, today's conference is being recorded. Participating in the call this morning are Jon Ayers, Chief Executive Officer; Brian McKeon, Chief Financial Officer; and Kerry Bennett, Vice President-Investor Relations.

IDEXX would like to preface the discussion today with a caution regarding forward-looking statements. Listeners are reminded that our discussion during the call will include forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those discussed today. Additional information regarding these risks and uncertainties is available under the forward-looking statements notice in our press release issued this morning as well as in our periodic filings with the Securities and Exchange Commission, which can be obtained from the SEC or by visiting the Investor Relations section of our website, idexx.com.

During this call, we will be discussing certain financial measures not prepared in accordance with Generally Accepted Accounting Principles or GAAP. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures is provided in our earnings release, which may also be found by visiting the Investor Relations section of our website.

In reviewing our first quarter 2018 results, please note all references to growth, organic growth, constant currency growth, and comparable constant currency growth refer to growth compared to

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