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Mar 31, 2023
Embecta Q2 2023 Earnings Report
Embecta Corp. reported financial results for the second quarter of fiscal year 2023, exceeding internal expectations.
Key Takeaways
Embecta Corp. reported a revenue increase of 0.9% to $277.1 million, driven by price and volume increases, and contract manufacturing revenue. The company is raising its guidance for key financial metrics.
Revenues increased by 0.9% on a reported basis and 4.0% on a constant currency basis, reaching $277.1 million.
U.S. revenues increased by 3.6% on both a reported and constant currency basis.
International revenues decreased by 1.9% on a reported basis but increased by 4.4% on a constant currency basis.
The company announced a dividend of $0.15 per share.
Embecta
Embecta
Embecta Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
For fiscal year 2023, the Company now expects revenues between $1,101 million and $1,113 million, an adjusted gross margin of approximately 64.5%, an adjusted operating margin of approximately 28.0%, adjusted earnings per diluted share between $2.50 and $2.60, and an adjusted EBITDA margin of approximately 32.5%.
Positive Outlook
- Revenues: $1,101 - $1,113 million
- As Reported (%): (2.5%) - (1.5%)
- Constant Currency (%): 0.0% - 1.0%
- Contract Manufacturing: $7.5 - $10 million
- Adjusted Gross Margin (%): ~64.5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income