Embecta Corp. reported first quarter fiscal 2026 revenues of $261.2 million, a slight decrease of 0.3% on a reported basis compared to the prior year. Net income stood at $44.1 million, with diluted EPS of $0.74. The company maintained its previously provided guidance for key financial reporting metrics, emphasizing strategic initiatives to expand its product portfolio and increase financial flexibility through debt reduction.
Reported revenues for Q1 fiscal 2026 were $261.2 million, a 0.3% decrease on a reported basis and a 2.0% decrease on an adjusted constant currency basis.
Net income for the quarter was $44.1 million, with diluted earnings per share of $0.74, significantly up from $0.0 million and $0.00 in the prior year period.
Adjusted EBITDA for the quarter was $97.2 million, with an adjusted EBITDA margin of 37.2%, consistent with the prior year period.
The company reduced debt by approximately $37.5 million of outstanding principal under its term loan B facility during the quarter.
For fiscal year 2026, Embecta Corp. maintains its previously provided financial guidance, expecting reported revenues between $1,071 million and $1,093 million, and adjusted earnings per diluted share between $2.80 and $3.00.
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