earnings
confidence high
sentiment negative
materiality 0.80
Embecta reports Q4 FY2022 net loss $17.2M; FY2023 guidance revenue $1,050-$1,073M
Embecta Corp.
- Q4 revenue $274.6M, down 8.7% reported; net loss $17.2M vs income $97.1M prior year, includes $58.9M impairment.
- FY2022 revenue $1,129.5M, down 3.1%; net income $223.6M vs $414.8M; adjusted EBITDA margin 40.7% vs 48.5%.
- Quarterly dividend $0.15/share declared, payable Jan 11, 2023 to holders of record Dec 30, 2022.
- Preliminary FY2023 guidance: revenue $1,050-$1,073M (down 5-7% reported); adj. diluted EPS $1.75-$2.00.
- Entered co-promotion agreement with Intuity Medical for POGO Automatic blood glucose monitor in U.S.