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March 21, 2017

IDEXX joins NASDAQ-100 Index

IDEXX Laboratories Inc., the Westbrook-based provider of diagnostic tests for pets, poultry and livestock, has joined the NASDAQ-100 Index, the company announced on Monday.

The company, which also offers testing solutions for monitoring water quality, announced the move less than three months after entering the S&P 500 Index.

"We're very pleased that IDEXX is included in the NASDAQ-100 Index, alongside an impressive group of growth-oriented, domestic and international companies, who are innovators of the modern economy," Jonathan Ayers, chairman and CEO of IDEXX, said in a statement.

"Following our inclusion in the S&P 500 earlier this year, becoming a part of the NASDAQ-100 is further acknowledgment of the tremendous growth our company has achieved through innovation focused on pet health care technology," he added.

IDEXX employs more than 7,000 people and is active in more than 175 countries. In February it posted revenues of $1.8 billion in 2016, up 11% over the previous year on both a reported and organic basis. It also reaffirmed its full-year 2017 organic revenue growth outlook of 9% to 10.5%, while raising its guidance on earnings per share.

The company has a market capitalization of $13.3 billion. Shares closed Monday at $151.54, down 0.27% from Friday but roughly double a year ago.

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