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IDEXX Laboratories' CEO Discusses Q1 2012 Results - Earnings Call Transcript

IDEXX Laboratories, Inc. (IDXX)

Q1 2012 Earnings Conference Call

April 20, 2012 9:00 AM ET

Executives

Jonathan Ayers - Chairman, President & CEO

Merilee Raines - Corporate VP, CFO & Treasurer

Pete Levine - Director, Investor Relations.

Analysts

David Clair - Piper Jaffray

Kristina Blaschek - William Blair & Company

Miroslava Minkova - Leerink Swann

Ross Taylor - C.L. King & Associates, Inc

Jonathan Block – SunTrust Robinson Humphrey

Erin Wilson - Bank of America-Merrill Lynch

Nicholas Jansen - Raymond James & Associates

Ben Haynor - Feltl and Company

Mitra Ramgopal - Sidoti & Company LLC

Presentation

Operator

Welcome to the IDEXX Laboratories First Quarter 2012 Earnings Conference Call. As a reminder, today’s conference is being recorded. Participating in the call this morning are Jon Ayers, Chief Executive Officer; Merilee Raines, Chief Financial Officer; and Pete Levine, Director, Investor Relations.

IDEXX would like to prefix the discussion today with a caution regarding forward-looking statements. Listeners are reminded that statements that members of IDEXX management may make on this call regarding management’s future expectations and plans and IDEXX’s future prospects constitute forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements can be identified by the use of words such as expects, may, anticipates, intends, would, will, plan, believes, estimates, should and similar words and expressions. Such statements include, but are not limited to statements regarding management’s expectations for financial results for future periods.

Listeners are reminded that actual results could differ materially from management’s expectations. Factors that could cause or contribute to such differences are described in IDEXX’s annual report on Form 10-K for the year ended December 31, 2011in the section captioned risk factors which are on file with the SEC and also available on IDEXX’s website idexx.com. In addition, any forward-looking statements represent IDEXX’s estimates only as of today and should not be relied upon as representing the company’s estimates as of any subsequent date.

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