earnings
confidence high
sentiment neutral
materiality 0.70
Embecta Q4 revenue $281.9M (+2.7%); guides FY2024 revenue down 1-3%
Embecta Corp.
2023-FY EPS reported
$1.22
revenue$1,120,800,000
- Q4 GAAP EPS $0.10, adjusted EPS $0.59; full-year adjusted EPS $2.99.
- FY2024 revenue guidance $1,085-1,105M (reported -3% to -1%); adj. EPS $1.90-$2.10.
- Dividend declared $0.15/share, payable Dec 15, 2023, record Dec 4.
- Added as exclusive/dual-preferred brand with three top Medicare Part D payers starting Jan 2024.
- Type 2 closed loop insulin pump development on track with FDA Breakthrough Device Designation.