secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001097149-24-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Q2 revenue $1.03B up 2.6% YoY; EPS $1.28 GAAP, $2.41 non-GAAP; Q3 revenue guidance $980M-$1,000M
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- Q2'24 total revenues $1,028.5M (+3.1% QoQ, +2.6% YoY); Clear Aligner volume 642,725 cases (+6.2% QoQ).
- GAAP net income $96.6M ($1.28 diluted EPS); non-GAAP net income $181.0M ($2.41 diluted EPS).
- Q3'24 revenue guidance $980M-$1,000M, with sequential declines in volume and ASP due to seasonality and FX.
- Agreed in principle to settle Misty Snow Antitrust Class Action for $31.1M; $75M equity investment in Heartland Dental.
- Completed $150M stock buyback (0.6M shares at avg $250.73); $500M remaining under repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000045/0001097149-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000045/algn-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001097149-24-000045

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