Medtronic Q4 revenue beats at $8.5B (+5.6%); raises dividend to $0.69 quarterly

Medtronic plc

2023-FY EPS reported $2.82 revenue$31,227,000,000

Q4 GAAP EPS $0.88 (-20% YoY); non-GAAP EPS $1.57 (+3%), ahead of expectations.
FY23 revenue $31.2B (-1.4% reported, +2.1% organic); FY organic growth guided 4.0-4.5%.
Dividend increased to $0.69/share quarterly ($2.76 annual); 46th consecutive annual increase.
Announced definitive agreement to acquire EOFlow Co. Ltd. (EOPatch tubeless insulin pump).
FY24 non-GAAP EPS guidance $5.00-$5.10; revenue positively impacted by FX ~$110-210M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Medtronic plc reported fiscal year 2023 results: revenue $31.227 billion, net income $3.758 billion, EPS $2.82.

Period: fiscal year 2023
Revenue: $31.227 billion
Net income: $3.758 billion
EPS: $2.82
Result: reported results

Exact text from the filing

non-GAAP diluted EPS were $2.093 billion and $1.57, respectively, both increases of 3%. Fiscal Year 2023 (FY23) Financial Results Medtronic reported FY23 worldwide revenue of $31.227 billion, a decrease of 1.4% as reported and an increase of 2.1% on an organic basis. The FY23 organic revenue growth comparison excludes: • a $1.437 billion negative impact from foreign

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Medtronic plc reported fourth quarter fiscal year 2023 results: revenue $8.5 billion, net income $1.179 billion, EPS $0.88.

Period: fourth quarter fiscal year 2023
Revenue: $8.5 billion
Net income: $1.179 billion
EPS: $0.88
Result: reported results

Exact text from the filing

Q4 revenue of $8.5 billion increased 5.6% as reported and organic, ahead of expectations • Q4 GAAP diluted EPS of $0.88 decreased 20%; non-GAAP diluted EPS of $1.57 increased 3% in the quarter, ahead of expectations

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Source: SEC EDGAR

accession 0001613103-23-000032

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