secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001097149-24-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Tech Q3 revenue $977.9M (+1.8% YoY); restructuring, $30M charge in Q4
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- Q3 GAAP diluted EPS $1.55, non-GAAP $2.35; operating margin 16.6% GAAP, 22.1% non-GAAP.
- Clear Aligner volume 617.2K cases (+2.5% YoY, -4.0% QoQ); teen cases record 236.3K.
- Imaging Systems & CAD/CAM rev $191M (+15.6% YoY).
- Restructuring: $30M Q4 severance charge; Raj Pudipeddi departs; Frank Quinn returns as Americas EVP.
- Q4 revenue guidance $995M-$1,015M; expects up to $275M stock repurchase in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000053/0001097149-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714924000053/algn-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001097149-24-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer