earnings
confidence high
sentiment positive
materiality 0.80
QuidelOrtho Q2 supplemental combined revenue $898.5M, adj EPS $2.12, up 123% YoY
QuidelOrtho Corp
2022-Q2 EPS reported
$10.47
revenue$1,615,700,000
- GAAP revenue $613.4M (+247% as reported) from business combination with Ortho closed May 27, 2022.
- Supplemental combined revenue $898.5M (+37.5% constant currency); excluding COVID-19 revenue, growth 9.0%.
- GAAP diluted EPS $0.36 vs $0.45 prior year; supplemental adjusted EPS $2.12 vs $0.95 (+123%).
- Adjusted EBITDA $290.8M, margin 32.4% vs 24.8% prior year; strong double-digit growth in POC and Molecular Diagnostics.
- Foreign currency negatively impacted sales growth by ~320 bps. No formal 2022 guidance provided in release.