QuidelOrtho Corp reported first quarter ended March 29, 2026 results: revenue $620 million. Guidance lowered.
“Key First Quarter 2026 Results: (all comparisons are to the prior year period) • Total revenu e was $620 million , as reported ◦ Point of Care revenue of $113 million declined by 34% as reported and 35% in constant currency, primarily due to a significantly weaker respiratory season compared to the first quarter of 2025.”
Earnings Releases
QuidelOrtho Corp reported first quarter of 2026, ended March 29, 2026 results: revenue $615-$620 million. Guidance reaffirmed.
“on Tuesday, May 5, 2026, after the market closes. Preliminary Unaudited First Quarter 2026 Revenue The Company currently expects preliminary unaudited revenue, as reported, of $615-$620 million for the first quarter of 2026. This preliminary unaudited revenue was primarily driven by a weaker respiratory season, with U.S. Influenza-like Illness visits down”
Debt Financings
QuidelOrtho Corp incurred revolving credit of $700.0 million revolving credit facility with Bank of America, N.A. at Term SOFR plus 2.25% per annum maturing August 21, 2030.
“Loan A Facilities”), (iii) a $1.45 billion senior secured term loan B facility (the “Term Loan B”; collectively with the Term Loan A Facilities, the “Term Loans”) and (iv) a $700.0 million revolving credit facility (the “Revolving Credit Facility”; together with the Term Loans, the “Financing”). The Financing is guaranteed by certain material domestic subsidiaries”
Debt Financings
QuidelOrtho Corp incurred term loan of $1.45 billion senior secured term loan B facility with Bank of America, N.A. at Term SOFR plus 4.00% per annum maturing August 21, 2032.
“Loan A”), (ii) a $100.0 million senior secured delayed draw term loan A facility (the “DDTL Term Loan A”; together with the Term Loan A, the “Term Loan A Facilities”), (iii) a $1.45 billion senior secured term loan B facility (the “Term Loan B”; collectively with the Term Loan A Facilities, the “Term Loans”) and (iv) a $700.0 million revolving credit facility (the”
Debt Financings
QuidelOrtho Corp incurred term loan of $100.0 million senior secured delayed draw term loan A facility with Bank of America, N.A. at Term SOFR plus 2.25% per annum maturing August 21, 2030.
“the “Lenders”). Pursuant to the Credit Agreement, the Lenders provided the Company with (i) a $1.15 billion senior secured term loan A facility (the “Term Loan A”), (ii) a $100.0 million senior secured delayed draw term loan A facility (the “DDTL Term Loan A”; together with the Term Loan A, the “Term Loan A Facilities”), (iii) a $1.45 billion senior secured term”
Debt Financings
QuidelOrtho Corp incurred term loan of $1.15 billion senior secured term loan A facility with Bank of America, N.A. at Term SOFR plus 2.25% per annum maturing August 21, 2030.
“and the other lenders and L/C issuers party thereto (together with Bank of America, the “Lenders”). Pursuant to the Credit Agreement, the Lenders provided the Company with (i) a $1.15 billion senior secured term loan A facility (the “Term Loan A”), (ii) a $100.0 million senior secured delayed draw term loan A facility (the “DDTL Term Loan A”; together with the Term”
Joseph M. Busky changed role as Chief Financial Officer at QuidelOrtho Corp.
“Joseph M. Busky, the Company’s Chief Financial Officer, assuming additional responsibilities, including oversight of the Company’s Information Technology function, on November 18, 2024”
Philip McLellan was appointed as Chief Operations Officer at QuidelOrtho Corp.
“the Company appointed Philip McLellan to serve as the Company’s Chief Operations Officer (“COO”), effective November 15, 2024.”
Philip McLellan was appointed as Chief Operations Officer at QuidelOrtho Corp.
“In addition, the Company appointed Philip McLellan to serve as the Company’s Chief Operations Officer, effective as of the Effective Date.”
Robert J. Bujarski was terminated as Executive Vice President and Chief Operating Officer at QuidelOrtho Corp.
“The Company determined to terminate the employment of Michael S. Iskra, the Company’s Executive Vice President (“EVP”) and Chief Commercial Officer, and Robert J. Bujarski, the Company’s EVP and Chief Operating Officer, each effective November 15, 2024 (the “Effective Date”).”
Michael S. Iskra was terminated as Executive Vice President and Chief Commercial Officer at QuidelOrtho Corp.
“The Company determined to terminate the employment of Michael S. Iskra, the Company’s Executive Vice President (“EVP”) and Chief Commercial Officer, and Robert J. Bujarski, the Company’s EVP and Chief Operating Officer, each effective November 15, 2024 (the “Effective Date”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-14 meeting.
“Proposal No. 3 The Company's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's 2024 fiscal year by the votes set forth in the table below: Votes For Votes Against Abstentions 61,334,670 1,022,808 866,988”
Shareholder Votes
QuidelOrtho Corp shareholders approved Advisory vote on compensation of named executive officers at the 2024-05-14 meeting.
“Proposal No. 2 The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers by the votes set forth in the table below: Votes For Votes Against Abstentions Broker Non-Votes 54,888,387 3,194,023 879,159 4,262,897”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Joseph D. Wilkins Jr. at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Kenneth J. Widder, M.D. at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Matthew W. Strobeck, Ph.D. at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Robert R. Schmidt at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Ann D. Rhoads at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: James R. Prutow at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Mary Lake Polan, M.D., Ph.D., M.P.H. at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Edward L. Michael at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Evelyn S. Dilsaver at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Shareholder Votes
QuidelOrtho Corp shareholders approved Election of Director: Kenneth F. Buechler, Ph.D. at the 2024-05-14 meeting.
“☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 14, 2024, QuidelOrtho Corporation (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”).”
Earnings Releases
QuidelOrtho Corp reported first quarter ended March 31, 2024 results: revenue $711 million, EPS GAAP diluted loss per share for the first quarter of 2024 was $25.50.
“suspends 2024 financial guidance while it assesses business under new President and Chief Executive Officer - First Quarter 2024 Results and Recent Highlights • Revenue was $711 million, as reported: ◦ Non-respiratory revenue was flat at $574 million compared to the prior year period, as reported and in constant currency ▪ Excluding the one-time third-party”
Robert J. Bujarski changed role as Interim President at QuidelOrtho Corp.
“each of Michael S. Iskra, who served as the Company’s Interim Chief Executive Officer, and Robert J. Bujarski, who served as the Company’s Interim President, stepped down from these interim positions.”
Michael S. Iskra changed role as Interim Chief Executive Officer at QuidelOrtho Corp.
“each of Michael S. Iskra, who served as the Company’s Interim Chief Executive Officer, and Robert J. Bujarski, who served as the Company’s Interim President, stepped down from these interim positions.”
Brian J. Blaser was appointed as director at QuidelOrtho Corp.
“In addition, effective as of May 15, 2024, the Board expanded its size from ten to eleven directors and appointed Mr. Blaser to serve as a director until the Company’s 2025 Annual Meeting of Stockholders.”
Brian J. Blaser was appointed as President and Chief Executive Officer at QuidelOrtho Corp.
“The Board of Directors (the “Board”) of QuidelOrtho Corporation (the “Company”) has appointed Brian J. Blaser to serve as the Company’s President and Chief Executive Officer, effective as of May 6, 2024 (the “Effective Date”).”
Material Agreements
QuidelOrtho Corp amended Amendment No. 2 with Bank of America, N.A., as administrative agent (effective 2024-04-25).
“On April 25, 2024, QuidelOrtho Corporation (the “Company”) entered into Amendment No. 2 (the “Amendment”), by and among the Company, the lenders party thereto, and Bank of America, N.A., as administrative agent, which amends that certain Credit Agreement, dated as of May 27, 2022, as amended by Increase Joinder No. 1, dated as of August 4, 2022, and as further amended by Amendment No. 1, dated as of September 8, 2023”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.