earnings
confidence high
sentiment negative
materiality 0.75
Organon Q3 revenue $1.52B, adj. EPS $0.87; narrows & lowers FY2023 guidance
Organon & Co.
2023-Q3 EPS reported
$1.86
revenue$4,665,000,000
- Revenue $1,519M (-1% YoY); diluted EPS $0.23; non-GAAP adj. diluted EPS $0.87.
- Women's Health -7% ex-FX; Biosimilars +10% ex-FX; Established Brands +3% ex-FX.
- Board declares quarterly dividend $0.28 per share, unchanged.
- FY2023 revenue guidance narrowed to $6.15-6.25B (prev. $6.15-6.35B); adj. EBITDA margin 30.5-31.5% (prev. 31-33%).
- Adjusted EBITDA $447M, margin 29.4% vs 35.5% a year ago.