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Sep 30, 2022
Omnicell Q3 2022 Earnings Report
Omnicell's third quarter performance in 2022 was affected by headwinds in point of care products, driven by health system capital budget freezes and customer labor availability challenges.
Key Takeaways
Omnicell's Q3 2022 GAAP revenues reached $348 million, a 17% increase from Q3 2021. GAAP net income was $17 million, or $0.37 per diluted share, compared to $29 million, or $0.61 per diluted share, in Q3 2021. The company experienced headwinds in point of care products due to capital budget freezes and labor challenges, but saw strong demand for Advanced Services and a record number of Central Pharmacy Dispensing Systems installations.
GAAP and non-GAAP revenues of $348 million.
GAAP net income per diluted share of $0.37.
Non-GAAP net income per diluted share of $1.00.
Experienced headwinds in point of care products due to health system capital budget freezes and customer labor availability challenges.
Revenue by Segment
Forward Guidance
For Q4 2022, Omnicell expects total GAAP and non-GAAP revenues between $285 million and $295 million, GAAP and non-GAAP product revenues between $183 million and $188 million, GAAP and non-GAAP service revenues between $102 million and $107 million, non-GAAP EBITDA between $10 million and $16 million, and non-GAAP earnings between $0.05 and $0.15 per share.
Positive Outlook
- Total GAAP and Non-GAAP Revenues between $285 million and $295 million
- GAAP and Non-GAAP Product Revenues between $183 million and $188 million
- GAAP and Non-GAAP Service Revenues between $102 million and $107 million
Challenges Ahead
- Non-GAAP EBITDA between $10 million and $16 million
- Non-GAAP Earnings Per Share between $0.05 and $0.15
- Guidance adjusted to include anticipated contributions and integration costs of recent acquisitions
- Guidance adjusted to include the anticipated effects of the current inflationary environment
- Guidance adjusted to include expected impact of current macro-economic headwinds
Historical Earnings Impact
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Avg. Return Before/After Earnings
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