EMBC - Embecta beats Q4 top and bottom line estimates; updates FY23 outlook
- Embecta press release ( NASDAQ: EMBC ): Q1 Non-GAAP EPS of $0.96 beats by $0.44 .
- Revenue of $275.7M (-4.7% Y/Y) beats by $12.8M .
- Adjusted gross profit and margin of $188.9 million and 68.5%.
- Adjusted operating income and margin of $101.6 million and 36.9%.
- Adjusted EBITDA and margin of $110.2 million and 40.0%, compared to $138.3 million and 47.8% in the prior year period.
- Fiscal Year 2023 Updated Financial Guidance : Revenues of $1,084M - $1,107M vs $1.06B consensus; Adjusted Gross Margin of ~63.5%; Adjusted Operating Margin of ~26.5%; Adjusted Diluted Earnings per Share of $2.20 - $2.35 vs $1.90 consensus and Adjusted EBITDA Margin of ~31.5%.
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Embecta beats Q4 top and bottom line estimates; updates FY23 outlook