---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055788"
form_type: "8-K"
ticker: "OGN"
cik: "0001821825"
company_name: "Organon & Co."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:51:57.688158+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Organon Q1 revenue $1.54B, net income $177M (-49%), adjusted EPS $1.08

## Summary
- Revenue of $1,538M, down 2% as-reported but up 3% ex-FX vs Q1 2022; all three franchises grew on constant currency basis.
- GAAP diluted EPS $0.69 (down 49% YoY); non-GAAP adjusted diluted EPS $1.08 (down 35% YoY); includes $0.03 negative impact from IPR&D costs.
- Adjusted EBITDA $518M (down 20% YoY); margin 33.7% vs 41.3% in Q1 2022.
- Board declared $0.28 quarterly dividend; voluntary $250M debt repayment on term loan.
- Full year 2023 financial guidance ranges affirmed.

## SEC filing metadata
- accession: 0001104659-23-055788
- form_type: 8-K
- ticker: OGN
- cik: 0001821825
- company_name: Organon & Co.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821825/000110465923055788/0001104659-23-055788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821825/000110465923055788/tm2314412d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055788
- JSON: https://secwatch.observer/filing/0001104659-23-055788.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055788.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.