Embecta Q1 revenue $277.3M, adj EPS $0.61; raises FY2024 guidance

Embecta Corp.

2024-Q1 EPS reported $0.35 revenue$277,300,000

Revenue $277.3M (+0.6% reported; -0.3% constant currency); U.S. revenue down 0.5%, international up 1.8%.
GAAP net income $20.1M ($0.35 diluted EPS) vs. $35.2M ($0.61) prior year; adjusted EPS $0.61 vs. $0.96 prior.
Raised FY2024 guidance: revenue $1,094-$1,116M (from $1,085-$1,105M); adj EPS $1.95-$2.15 (from $1.90-$2.10).
Dividend of $0.15/share declared, payable March 15, 2024 to holders of record Feb 28, 2024.
Filed 510(k) for open-loop patch pump with FDA; transitioned ~60% of revenue to own ERP system.

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 0.98

Embecta Corp. reported the three month period ended December 31, 2023 (first quarter fiscal 2024) results: revenue $277.3 million, net income $20.1 million, EPS $0.35. Guidance raised.

Period: the three month period ended December 31, 2023 (first quarter fiscal 2024)
Revenue: $277.3 million
Net income: $20.1 million
EPS: $0.35
Guidance: raised
Result: reported results

Exact text from the filing

for the remainder of the year, we are raising our guidance for certain key financial reporting metrics." First Quarter Fiscal Year 2024 Financial Highlights : • Revenues of $277.3 million, up 0.6% on a reported basis; down 0.3% on a constant currency basis ◦ U.S. revenues decreased 0.5% on both a reported and constant currency basis ◦ International revenues

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Source: SEC EDGAR

accession 0001872789-24-000003

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