Embecta Q3 revenue $286.1M (-1.7%); raises FY2023 adj. EPS guidance to $2.75-$2.80

Embecta Corp.

2023-Q3 EPS reported $1.12 revenue$838,900,000

Q3 adjusted EPS $0.69 vs. $1.07 prior year; net income $15.2M, down from $62.4M.
U.S. revenue $153.9M (-2.6%); international revenue $132.2M (-0.7% reported, +2.4% constant currency).
FY2023 adj. EPS guidance raised to $2.75-$2.80 from $2.50-$2.60; revenue range narrowed to $1,107-$1,113M.
Adjusted EBITDA margin guidance raised to ~33.5% from ~32.5%; adjusted gross margin ~66.0%.
Board declared $0.15 quarterly dividend, payable Sept 13, 2023, record Aug 25.

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 0.95

Embecta Corp. reported Nine months ended June 30, 2023 results: revenue $838.9 million, net income $64.4 million, EPS $1.12.

Period: Nine months ended June 30, 2023
Revenue: $838.9 million
Net income: $64.4 million
EPS: $1.12
Result: reported results

Exact text from the filing

Nine Months Ended June 30 2023 Financial Highlights : • Revenues of $838.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Embecta Corp. reported Third Quarter Fiscal 2023 results: revenue $286.1 million, net income $15.2 million, EPS $0.26. Guidance raised.

Period: Third Quarter Fiscal 2023
Revenue: $286.1 million
Net income: $15.2 million
EPS: $0.26
Guidance: raised
Result: reported results

Exact text from the filing

results for the nine-month periods ended June 30, 2023 and June 30, 2022 are not meaningfully comparable. Third Quarter Fiscal Year 2023 Financial Highlights : • Revenues of $286.1 million, down 1.7% on a reported basis; down 0.3% on a constant currency basis ◦ U.S. revenues decreased 2.6% on both a reported and constant currency basis ◦ International revenues

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Embecta Corp. filing history →

Source: SEC EDGAR

accession 0001872789-23-000024

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