earnings
confidence high
sentiment neutral
materiality 0.75
Bio-Rad Q4 revenue down 7.2% to $733M; GAAP loss $52.59/sh, non-GAAP EPS $3.21; 2022 outlook 1-2% growth
BIO-RAD LABORATORIES, INC.
2021-FY EPS reported
$140.56
revenue$2,922,500,000
- Q4 2021 sales $732.8M (-7.2% YoY); Life Science sales down 23.8% on lower COVID-related qPCR demand.
- GAAP net loss $1,573.7M ($52.59 loss per diluted share) vs net income $839.1M in Q4 2020, impacted by Sartorius AG fair value changes.
- Non-GAAP net income $97.0M ($3.21 per share) vs $121.0M ($4.01) in Q4 2020.
- Full year 2021 sales $2,922.5M (+14.8% reported); core revenue ex-COVID up 17.0% currency-neutral.
- 2022 guidance: non-GAAP currency-neutral revenue growth 1-2%, non-GAAP operating margin ~19.0%.