earnings
confidence high
sentiment positive
materiality 0.75
Hologic Q2 beats: revenue $1,018M, adj EPS $1.03; raises FY24 guidance; acquires Endomagnetics for $310M
HOLOGIC INC
2024-Q2 EPS reported
$1.74
revenue$2,030,900,000
- Q2 revenue $1,017.8M (down 0.8% YoY) exceeded guidance; GAAP diluted EPS $0.72, non-GAAP $1.03.
- Organic revenue ex-COVID grew 4.9% constant currency; Diagnostics ex-COVID +9.8%, Surgical +7.4%.
- Company raised full-year revenue midpoint in constant currency and EPS guidance on strong margins.
- Agreed to acquire Endomagnetics Ltd for ~$310M, adding breast cancer surgery technologies.
- Cash flow from operations $292.4M; cash generation remains strong.