earnings
confidence high
sentiment positive
materiality 0.75
Embecta Q3 revenue $291.1M, net income $62.4M; raises H2 FY2022 margin guidance
Embecta Corp.
2022-Q3 EPS reported
$4.14
revenue$854,900,000
- Revenue $291.1M (-1.3% reported, +2.0% constant currency); US +4.1%, international -7.1%.
- Net income $62.4M ($1.07 diluted EPS) vs $104.7M prior year; adjusted EBITDA margin 40.5% vs 48.7%.
- Declared $0.15/share quarterly dividend, payable Sept. 14 to holders of record Aug. 26.
- Raised H2 FY2022 adjusted gross margin guidance to mid-60%s (from low-60%s) and adjusted EBITDA margin to mid-30%s (from low-30%s); maintained revenue ~$555M.
- Developing type 2 closed-loop insulin patch pump with FDA Breakthrough Device Designation.