IDXX · Earnings call · 2026Q2T · Full report

Capital Expenditure Outlook

IDEXX LABORATORIES INC /DE · 2026-08-04 · Importance 44 · Surprise 24

IDEXX maintained its 2026 capital spending outlook at approximately $180 million. The spending plan is incorporated into the company’s updated free-cash-flow conversion expectation of 90%-100% of net income. Management linked the broader investment program to commercial capabilities, R&D, innovation, and global infrastructure rather than a reduction in capital deployment. The company also reported a strong balance sheet with gross leverage of 0.6x and net leverage of 0.5x at quarter-end.