earnings
confidence high
sentiment positive
materiality 0.80
Hologic beats Q2 guidance; raises FY2024 revenue & EPS outlook; acquires Endomagnetics for $310M
HOLOGIC INC
2024-Q2 EPS reported
$1.74
revenue$2,030,900,000
- Revenue $1,017.8M (-0.8% YoY); GAAP EPS $0.72, Non-GAAP EPS $1.03, both above guidance.
- Organic revenue ex-COVID grew 4.9% constant currency; Diagnostics ex-COVID +9.8%, Surgical +7.7%.
- Raised FY2024 revenue midpoint (constant currency) and EPS guidance on strong margins.
- Agreed to acquire Endomagnetics Ltd for ~$310M to expand interventional breast business.
- Operating cash flow $292.4M in Q2; cash flow from operations remains strong.