β€’
Sep 30, 2023

Johnson & Johnson Q3 2023 Earnings Report

Johnson & Johnson reported strong results driven by innovative medicine and medtech solutions.

Key Takeaways

Johnson & Johnson's Q3 2023 results showed a sales growth of 6.8% reaching $21.4 billion and an EPS of $1.69, which increased by 4.3%. The adjusted EPS was $2.66, reflecting a 19.3% increase. The company is increasing its 2023 full-year guidance midpoints for sales and adjusted EPS.

Reported sales growth of 6.8% to $21.4 Billion with operational growth of 6.4%.

Earnings per share (EPS) of $1.69 increasing 4.3%.

Adjusted EPS of $2.66 increasing by 19.3%.

Company is increasing 2023 full-year guidance midpoints for sales and adjusted EPS.

Total Revenue
$21.4B
Previous year: $23.8B
-10.3%
EPS
$2.66
Previous year: $2.55
+4.3%
Gross Profit
$14.7B
Previous year: $16.1B
-8.3%
Cash and Equivalents
$19.7B
Previous year: $17.6B
+12.1%
Free Cash Flow
$6.52B
Previous year: $7.54B
-13.5%
Total Assets
$166B
Previous year: $179B
-7.3%

Johnson & Johnson

Johnson & Johnson

Forward Guidance

Johnson & Johnson is increasing 2023 full-year guidance midpoints for sales and adjusted EPS.