earnings
confidence high
sentiment positive
materiality 0.70
Bio-Rad Q3 revenue $747M (+15.4% YoY); non-GAAP EPS $3.71; raises FY21 guidance
BIO-RAD LABORATORIES, INC.
2021-Q3 EPS reported
$192.76
revenue$2,189,776,000
- Life Science segment revenue $373.5M (+15.3% YoY); Clinical Diagnostics $372.2M (+15.5% YoY).
- GAAP net income $3.93B ($129.96 diluted EPS) driven by $4.87B unrealized gain on Sartorius equity.
- Non-GAAP net income $112.2M ($3.71 diluted EPS) vs $90.3M ($3.00) a year ago.
- Full-year 2021 guidance: non-GAAP currency-neutral revenue growth 12-13%; operating margin ~19.5%.
- Gross margin improved to 58.6% from 56.7%; operating margin 21.0% vs 16.9%.