J&J Q1 revenue $24.7B (+5.6%), adj EPS $2.68 (+0.4%); raises FY guidance, increases dividend 5.3%

JOHNSON & JOHNSON

2023-Q1 EPS reported -$0.03 revenue$24,746,000,000

GAAP net loss $68M ($0.03 loss per share) due to $7.2B one-time charge; adjusted net earnings $7,068M, adj EPS $2.68.
Revenue increased 5.6% to $24.7B; operational growth 9.0%; all segments grew: Consumer +7.4%, Pharma +4.2%, MedTech +7.3%.
Company raising 2023 full-year guidance midpoints for adjusted operational sales and adjusted operational EPS.
Board declared 5.3% dividend increase to $1.19/share ($4.76 annual); 61st consecutive year; payable June 6, record May 23.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JOHNSON & JOHNSON reported first quarter ended April 2, 2023 results: revenue $24.7 Billion, net income ($0.03), EPS $2.68. Guidance raised.

Period: first quarter ended April 2, 2023
Revenue: $24.7 Billion
Net income: ($0.03)
EPS: $2.68
Guidance: raised
Result: reported results

Exact text from the filing

JOHNSON & JOHNSON REPORTS 2023 FIRST-QUARTER RESULTS: • 2023 First-Quarter reported sales growth of 5.6% to $24.7 Billion with operational growth of 9.0%* and adjusted operational growth of 7.6%* • 2023 First-Quarter basic loss per share of ($0.03) decreasing 101.6% due to a special one-time charge, with adjusted earnings per share (EPS) of $2.68 increasing by 0.4%* • Company is increasing 2023 full-year guidance midpoints for adjusted operational sales and adjusted operational EPS

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Source: SEC EDGAR

accession 0000200406-23-000043

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