secwatch.observer — SEC 8-K summary
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Issuer:     Embecta Corp. (EMBC)
CIK:        0001872789
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001872789-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872789/000187278924000003/0001872789-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872789/000187278924000003/embc-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001872789-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer