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Westbrook's IDEXX Saw Major Growth In 2018, And Isn't Expecting To Slow Down

Westbrook's IDEXX laboratories saw major growth last year, and the company expects to expand even more in the coming years.

On Friday, the company, which specializes in veterinary products and diagnostics, reported that it made $377 million in net-income last year, and it earned more than $2 billion in total revenues. That's significantly higher than its earnings from one year ago. The company saw particular growth in its products for companion animals, like cats and dogs.

In a news release, CEO Jonathan Ayers said the company sees particular promise in Millenial generation animal owners, who he says see "the importance of care" for family members and pets.

IDEXX could be primed for even more growth in 2019. The company expects to grow by more than 8 percent this year, and is expanding its Westbrook headquarters, which could ultimately add 600 employees.