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Jun 30, 2022
Embecta Q3 2022 Earnings Report
Embecta's Q3 2022 financial results showed resilient commercial performance despite macroeconomic challenges, with revenues of $291.1 million and net income of $62.4 million.
Key Takeaways
Embecta Corp. reported its Q3 2022 financial results, demonstrating resilient commercial performance despite a challenging macroeconomic environment. The company reported revenues of $291.1 million, a decrease of 1.3% on a reported basis but an increase of 2.0% on a constant currency basis. Net income was $62.4 million. The company is reiterating its second half of 2022 fiscal year financial guidance for as-reported revenue growth, and raising its second half of 2022 fiscal year financial guidance for constant currency revenue growth, adjusted gross margin and adjusted EBITDA margin.
Revenues reached $291.1 million, down 1.3% as reported, but up 2.0% on a constant currency basis.
U.S. revenues increased by 4.1% on both a reported and constant currency basis.
Net income amounted to $62.4 million.
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 the last six months of fiscal year 2022, the Company now expects: Revenues of ~$555 million, As Reported revenue growth of ~(7.0%) and Constant Currency revenue growth of ~(3.0%).
Positive Outlook
- Revenues ~$555 million
- Adjusted Gross Margin Mid 60%s
- Adjusted EBITDA Margin Mid 30%s
- As Reported Revenue Growth ~(7.0%)
- Constant Currency Revenue Growth ~(3.0%)
Revenue & Expenses
Visualization of income flow from segment revenue to net income