Embecta Corp. reported a decrease in revenue by 5.6% to $261.9 million for the first quarter of fiscal year 2025. The company is progressing with its restructuring plan and brand transition, while also updating its financial guidance to reflect changes in foreign exchange assumptions and raising expectations for certain financial metrics.
Revenues decreased by 5.6% to $261.9 million.
Gross profit was $157.1 million with a margin of 60.0%.
Operating income was $28.7 million with a margin of 11.0%.
Net income was $0.0 million, with earnings per diluted share of $0.00.
For fiscal year 2025, the company expects revenues between $1,075 million and $1,092 million and adjusted earnings per diluted share between $2.70 and $2.90.