secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001097149-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Q1 revenue up 5.8% YoY to $997.4M; raises FY24 revenue outlook; invests $75M in Heartland
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- Q1 GAAP EPS $1.39, non-GAAP $2.14; revenue $997.4M beat prior expectations.
- Clear Aligner revenue $817.3M (+3.5% YoY) on 605K cases; Systems & Services $180.2M (+17.5%).
- FY24 revenue outlook raised to +6-8% YoY (from mid-single digit); Q2 guide $1,030-1,050M.
- Acquired <5% equity in Heartland Dental for $75M under existing stockholder agreements.
- $650M remaining in share repurchase program; Q2 buyback up to $150M expected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/0001097149-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000026/algn-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001097149-24-000026

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