Align Q3 revenue $960.2M (+7.8% YoY); Q4 guidance $920M-$940M

ALIGN TECHNOLOGY INC

2023-Q3 EPS reported $4.18 revenue$2,905,534,000

Q3 GAAP EPS $1.58, non-GAAP $2.14; operating margin 17.3% GAAP, 21.8% non-GAAP.
Clear Aligner volume 602.3K cases (+2.3% YoY); teen shipments record 221.8K (+9.9% seq).
Q4'23 revenue guidance $920M-$940M; FY'23 outlook $3.83B-$3.85B, below prior expectations.
Agreed to acquire Cubicure GmbH for ~€79M to strengthen 3D printing capabilities.
Plans $250M stock repurchase in Q4'23; restructuring with severance expected to impact GAAP margin.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

ALIGN TECHNOLOGY INC reported the third quarter ended September 30, 2023 results: revenue $960.2 million, net income $121.4 million, EPS $1.58.

Period: the third quarter ended September 30, 2023
Revenue: $960.2 million
Net income: $121.4 million
EPS: $1.58
Result: reported results

Exact text from the filing

year over year, driven by continued strength from Invisalign FirstTM Company expects to repurchase up to $250.0 million of its common stock in Q4’23 • Q3'23 total revenues of $960.2 million, increased 7.8% year-over-year, and diluted net income per share of $1.58, non-GAAP diluted net income per share of $2.14 • Q3'23 revenues were unfavorably impacted by foreign

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Source: SEC EDGAR

accession 0001097149-23-000075

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